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China’s commercial activity grows by 28.5 points in January-April

China’s commercial activity grows by 28.5 points in January-April

Beijing, May 7 (Prensa Latina) China on Friday reported that its commercial activity grew by 28.5 percent year-on-year during this year's first four months and kept recovering thanks to the continued dynamism of exports.
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According to the General Administration of Customs, the total volume of foreign trade from January to April was 11.62 trillion yuans (1.8 trillion dollars).

In detail, exports increased by 33.8 points, imports rose by 22.7 points and the surplus advanced 149.7 points.

In April alone, China’s trade with the rest of the world grew by 26.6 percent year-on-year and totaled 3.14 trillion yuans (487.506 billion dollars).

In addition, it kept increasing trade operations with member countries of the European Union, the Association of Southeast Asian Nations, the Strip and the Route initiative and even the United States, which has been engaged in a trade war against it since 2018.

In an effort to expand domestic consumption, China opened on Friday the 1st International Consumer Products Expo, in Haikou, Hainan province. Hainan, known as the ‘Chinese Hawaii’, has the country’s largest free trade port.

The event that will run until Monday is a large-scale trade show with about 2,628 national and foreign firms from 69 countries and territories, having Switzerland as the guest nation.

China closed last year with a 1.9-percent increase in commercial activity and 2.3 percent in Gross Domestic Product.

Chinese authorities are projecting a greater recovery and even growth above the 6-point target for Gross Domestic Product by 2021, because more and more companies are stabilizing operations after gaining control over Covid-19.

Moreover, they are planning to strengthen the domestic market and alliances with friendly countries and regions as an alternative to overcome U.S. sanctions and the global crisis resulting from the pandemic.


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