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China Customs sees stable trade enjoying moderate growth in May
CHINA's trade is likely to continue to improve as government support measures kick in, according to China Customer, citing an official leading indicator.
China exports and imports returned to slight growth in April as orders to the United States and European Union surged, offering positive signals, Reuters reports.
Analysts have attributed the weak trade figures to an inflated comparison base with last year due to a rash of fake invoicing of exports to beat foreign exchange restrictions.
"China's trade is still within a reasonable range after adjusting for the relatively higher comparison base," said Huang Guohua, a senior customs official, said in a webcast carried on the agency's website.
"China's exports and imports will enter a stable phase of moderate growth, coupled with the implementation of recent measures introduced by the State Council and various departments to support trade," he said.
China exports and imports returned to slight growth in April as orders to the United States and European Union surged, offering positive signals, Reuters reports.
Analysts have attributed the weak trade figures to an inflated comparison base with last year due to a rash of fake invoicing of exports to beat foreign exchange restrictions.
"China's trade is still within a reasonable range after adjusting for the relatively higher comparison base," said Huang Guohua, a senior customs official, said in a webcast carried on the agency's website.
"China's exports and imports will enter a stable phase of moderate growth, coupled with the implementation of recent measures introduced by the State Council and various departments to support trade," he said.
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