Yangcheng Evening News reporter Ma Hanqing reported: The reporter learned from the Ministry of Commerce yesterday that although China's imports and exports in April according to the renminbi valuation still fell slightly, but according to the dollar valuation has begun to restore "positive growth". Ministry of Commerce spokesman Shen Danyang said that the next foreign trade situation is cautiously optimistic judgment, confident that through hard work to achieve the development target set at the beginning of the year.

The latest data show that since the beginning of this year, the growth rate of China's foreign trade import and export has declined significantly. In renminbi terms, the value of China's imports and exports still fell by 1.3% in April, but the decline has narrowed by 2.4 percentage points from the first quarter, with exports down 1.4% and imports down 1.3%. However, in dollar terms, excluding factors such as the depreciation of the yuan, imports and exports rose 0.8 per cent in April, with exports up 0.9 per cent and imports up 0.8 per cent.

A welcome change in the internal and external situation

Why did the April data start to improve? Shen Danyang, spokesman of the Ministry of Commerce, analyzed that both foreign trade and import achieved positive growth in dollar terms in April, which is both a result of the situation and the result of efforts. In terms of the situation, there have been some gratifying changes in both the global economic situation and China's economic situation. As the economies of the European Union, the United States, Japan and ASEAN have recovered or tend to improve, or have recovered, the demand for imports has picked up. Therefore, in April, our exports to major trading partners have maintained growth, in addition to Japan, the growth rate is higher than the average level of China, the EU, the United States, Japan, ASEAN major economies accounted for 45.5% of the total imports and exports in April, a total of driving the growth rate of imports and exports in April increased by 3.6 percentage points, including 5.1 percentage points.

"From the perspective of China's economic situation, the macroeconomic data in recent months have released more and more positive signals, which also led to the growth of all kinds of imports." Shen Danyang said that in April, crude oil, soybeans, iron ore, primary shapes of plastic, steel, copper, wood, rubber and other bulk raw materials import growth rate than in March have increased to varying degrees, a total of 3.6 percentage points of import growth.

Shen Danyang said that the overall judgment of the next foreign trade situation is cautiously optimistic, and we are confident to achieve the development target set at the beginning of the year through hard work. Although there are still many unstable factors in the world economy and the foundation for recovery is not solid, the momentum of recovery is clearly visible. Some leading indicators show that the situation is also moving in a better direction.

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