Chinese government: foreign trade to improve in H2 2015
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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