China’s Jan-May foreign trade value falls more by 8%
Jun 08, 2020 13:30
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For January-May, China’s foreign trade value declined more deeply by 8% on year than the 7.5% on-year fall for the first four months, as the foreign trade for May alone reversed down on month by 1.2% or down more sharply by 9.3% on year, according to the latest statistics in terms of the U.S. dollar from the country’s General Administration of Customs on June 7.
For May, the foreign trade value totalled $350.7 billion, among which the export value fell to 3.3% on year to $206.8 billion, though the trade surplus more than doubled from April to $121.4 billion by May because of steeper declines in imports value out of the country’s total foreign trade