China’s Exports Rise While Imports Decline
China’s exports of goods have risen by 2.5 percent in the first four months of this year while imports have dropped by 7.3 percent, according to the country’s customs administration. The Southeast Asian countries were the largest traders with China, with their trade surpassing $304 billion. The European Union came in at second place with $262 billion and the United States was in third place with $218 billion. Latin America and Africa both showed a favorable trend in trade, with turnover standing at $150 billion and $94 billion, respectively. The total turnover of the world’s second-biggest economy and leading global exporter of goods was almost $2 trillion, with exports amounting to $1.116 trillion and imports at $822 billion.