360° Coverage : China's foreign trade surges

China's foreign trade surges

Beijing, Feb 8 (IANS) China's foreign trade surged 26.7 percent year-on-year in January to 2.17 trillion yuan ($345.59 billion), said authorities Friday.

Feb 8 2013, 2:11am CST | by

China's foreign trade surges
Photo Credit: ED JONES, Getty Images

Beijing, Feb 8 — China's foreign trade surged 26.7 percent year-on-year in January to 2.17 trillion yuan ($345.59 billion), said authorities Friday.

The rise was bigger than the 10.2-percent growth seen in December, the General Administration of Customs (GAC) said.

Exports rose 25 percent from one year earlier to 1.18 trillion yuan in January, and imports increased 28.8 percent to 990 billion yuan. The country's foreign trade surplus widened 7.7 percent to 183.21 billion yuan last month, reported Xinhua.

After adjustments to seasonal factors, foreign trade volume increased 8.1 percent year on year. There were 22 working days in January, five days longer than last year, GAC said.

China's foreign trade with the European Union rose 10.5 percent year on year last month to stand at $47.14 billion, and trade with the US increased 23.4 percent to $43.72 billion.

Trade with the ASEAN grew 42.9 percent to reach $36.99 billion.

IANS

Source: IANS

 
 
 

<a href="/latest_stories/all/all/8" rel="author">Luigi Lugmayr</a>
Luigi is the founding Chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.

 

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