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China’s mercantile activity advances 0.1 points in April

chinas-mercantile-activity-advances-0-1-points-in-april

China’s mercantile activity advances 0.1 points in April

Beijing, May 10 (Prensa Latina) China's mercantile activity grew only 0.1 percent on year-on-year in April, a month of economic disruptions in Shanghai and Beijing due to the new outbreak of Covid-19, official data showed.
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According to the General Administration of Customs, the total foreign trade volume in that period totaled 3.16 trillion yuan (more than 471 billion dollars).

Exports rose 1.9 points to 1.7 trillion yuan (259,785 billion dollars), imports fell two points with a value of 1.4 trillion yuan (211,321 billion dollars) and the surplus exceeded 325 billion yuan (48,464 billion dollars).

Meanwhile, foreign trade grew by 7.9 percent between January and April.

China is aiming for a 5.5-percent Gross Domestic Product (GDP) growth this year, one of the lowest targets in the last decade but in line with the country’s recovery and its plans to guarantee the economic stability in the face of internal and external challenges.

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