China foreign trade showed signs of stabilizing after pandemicApril 14, 2020 - 13:32 AMT PanARMENIAN.Net - China's foreign trade showed signs of stabilizing in March with export and import both beating bearish market expectations, official data showed Tuesday, April 14, according to China Internet Information Center. Exports dipped 3.5 percent year on year in yuan terms in March while imports climbed 2.4 percent, data from the General Administration of Customs (GAC) showed. In March, foreign trade of goods totaled 2.45 trillion yuan (about 348 billion U.S. dollars), down 0.8 percent year on year, compared with a decline of 9.5 percent during the January-February period, the GAC said. In the first quarter, foreign trade of goods fell 6.4 percent year on year to 6.57 trillion yuan. Exports dropped 11.4 percent to 3.33 trillion yuan while imports dipped 0.7 percent to 3.24 trillion yuan during the first three months, resulting in a trade surplus of 98.33 billion yuan, down 80.6 percent year on year, customs data showed. China's trade with countries along the Belt and Road bucked the trend of weakened growth in the first three months, rising 3.2 percent year on year. As the COVID-19 pandemic has wreaked havoc on global economy, a contraction in global demand will inevitably show its impact on China's exports and the difficulties ahead can not be underestimated, Li said. The World Trade Organization predicted that global trade would fall by between 13 percent and 32 percent in 2020 due to disruptions caused by COVID-19, and all regions of the world are expected to suffer double-digit declines in their trade. Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | Russia warns Armenia against “falling into West’s trap” Zakharova maintained, however, that anything that will benefit the people of Armenia can only be welcomed. CSTO: Armenia has not participated in secretariat’s work recently Recently Armenia has not participated in the work of the secretariat of the CSTO, Imangali Tasmagambetov said. Meeting with U.S., EU not against third parties, says Armenia The meeting scheduled for April 5 is dedicated to strengthening of the Armenia-EU-US cooperation, Yerevan added. Ucom launches network modernization efforts in few regions of Armenia In particular, on March 28, the legacy Mobile Switching Subsystem will be replaced with a new one. |