BEIJING, May 9 (Xinhua) -- China’s foreign trade in the second quarter is expected to maintain good momentum, with import growth likely to be higher than the export growth, according to Liu Xuezhi, a senior research fellow at the financial research center under Bank of Communications.
The data released by the General Administration of Customs (GAC) on Tuesday indicated that in terms of U.S. dollars, China's exports in April increased by 12.9 percent year on year, with the growth up 15.6 percentage points from the previous month. Its imports in April rose by 21.5 percent year on year, with growth rates up 7.1 percentage points from the previous month.
In addition to the low-base factor, the sharp rise in exports is also the result of China’s efforts to promote the Belt and Road construction, said Zhao Ping, director of the Department of International Trade Research in CCPIT Academy.
She said that the implementation of multilateral communication mechanisms and the multiple free trade agreements have a clear driving effect on exports. China's exports to the EU, ASEAN, and other regions are higher than the average growth rate.
With the domestic policies to expand imports put in place and the launch of the first China International Import Expo (CIIE), China's imports this year will maintain relatively high growth, Zhao added. (Edited by Hu Pingchao, hupingchao@xinhua.org)
A single purchase
