China's Exports Rise 7.2 Per Cent In May

By Niam Seet Wei

BEIJING, July 10 (Bernama) -- China's exports rose 7.2 per cent to US $186.8 billion in May from a year earlier, according to the General Administration of Customs (GAC).

Imports in May climbed 5.5 per cent yoy to US$155.2 billion compared to the 1.6 per cent drop in May, it said.

The data showed China recorded trade surplus of US$31.6 billion in June, down from the surplus of US$35.9 billion in May.

In the first half of the year, China's exports rose 0.9 per cent while imports increased 1.5 per cent compared with the same period last year, with the trade surplus of US$102.86 billion.

During the same period, trade between China and the European Union, US, Asean countries and Japan rose 9.6 per cent, 2.8 per cent, 2.6 per cent and 1.3 per cent yoy, respectively.

Among Asean countries, trade between China and Vietnam and the Philippines recorded a yoy growth of 19.8 per cent and 8.6 per cent respectively in January to June period, despite China's strained relations with the two neighbours over South China Sea disputes recently.

Trade with Malaysia, Indonesia, Thailand, Singapore however fell 7.6 per cent, 4.6 per cent, 3.1per cent and 1.7 per cent yoy, respectively.

The Chinese government has set its economy growth target at 7.5 per cent this year, the same as for 2013.


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