Foreign trade decreased 7.8% y/y to USD 272.6bn in January.

By bne IntelliNews February 14, 2012
China's foreign trade decreased 7.8% y/y to USD 272.6bn in January this year. As reported by Xinhua's China Economic Information Service, exports decreased 0.5% y/y to USD 149.94bn and imports reduced 15.3% y/y to USD 122.66bn during the period. The country's foreign trade surplus was recorded at USD 16.52bn during the period. The country's export and import policy is expected to remain stable through the encouragement in foreign trade. According to a data release by the International Monetary Fund (IMF), the country's exports' contribution to its gross domestic product (GDP) growth is expected to decrease to negative value of -0.9% this year as a result of the external economy. The country is expected to continue promoting its structural adjustment and upgrade foreign trade apart from sustaining the import-boosting policies.

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