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China´s commercial activity grows 10,7 points in January-March

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China´s commercial activity grows 10,7 points in January-March

Beijing, Apr 13 (Prensa Latina) China reported that it closed its commercial activity in the first quarter of this year with a growth of 10,7% and this increase continued to be based on the dynamism of exports.
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The General Administration of Customs indicated that the total volume of foreign trade was 9,42 trillion yuan (1,48 trillion dollars) during this period.

Exports rose 13,4 points and imports, 7,5.

But those indicators showed slow increase in March, due to the high shipping costs, low demand for goods, the Covid-19 pandemic´s impact in megacities like Shanghai and the conflict between Russia and Ukraine.

In fact, last month the commercial exchanges between China and the rest of the world has a year-on-year increase of 5,8%, exports expanded 12,9 points and imports fell 0,1, the lowest figure registered since August 2020.

China will seek for this year, to maintain the social and macroeconomic stabilitty, but at the same time continue efforts to deepen the reform and opening up policy, boost the increase on the basis of innovation and achieve high-standard development.

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