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Chinese government: foreign trade to improve in H2 2015

by ChemOrbis Editorial Team -
  • 12/05/2015 (16:36)
According to media reports, China’s Ministry of Commerce expects the country’s foreign trade to improve in the second half of 2015 owing to improving export infrastructure. The Ministry also reported that they are committed to cutting red tape as far as possible to facilitate trade.

During the January-April period of this year, China’s total foreign trade declined 7.6% to reach $1.22 trillion. Exports rose 1.6% while imports dipped 17.3%.

The Ministry attributed the lower imports figures to a fall in bulk commodities prices which include crude oil, iron ore and plastics and added that lower prices enabled Chinese companies to save $63.4 billion in production costs. The increase in exports, meanwhile, was attributed to stronger exports to emerging markets, which climbed 5.7% in the first four months.
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