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China's exports zoom 34 pc in January-April
Publish Date : 5/16/2005 1:35:00 PM   Source : Business News ExpressNewsline.com

China's exports increased by 34 percent year-on-year to touch $218.05 billion in the first four months of the year, Xinhuanet reported.

The country's imports rose 13.3 percent to $196.87 billion in the same period, the General Administration of Customs said in its latest report.

The report said China's trade surplus stood at $21.17 billion in the first four months of 2005 with the country recording a $4.59 billion trade surplus in April alone.



According to the report, the European Union remained China's biggest trading partner with a bilateral trade of $65.2 billion from January to April, followed by the US and Japan with trade volumes at $61.28 billion and $57.54 billion respectively.

Guangdong, Jiangsu and Shanghai remained the country's top three exporting zones.

Crude oil imports grew fairly fast in April, the customs administration said, partly suggesting that China's energy crunch has yet to be eased amid rapid economic expansion.

Oil imports decreased 1.7 percent year-on-year in the first quarter of the year, but the trend reversed in April, leading to a rise of 4.4 percent in the first four months.

Also in the first four months, imports of coal hit 7.37 million tonnes and iron ore 87.49 million tonnes, registering a respective growth of 49.6 percent and 28 percent.

Machinery and electronic products are the bellwether among Chinese exports. In the January-April period, exports of theses items reached $119.7 billion, a year-on-year increase of 34 percent.

Exports of clothes and related accessories also rose 15.6 percent to $19.27 billion.

--Indo-Asian News Service





Indo-Australia committed to resolve agri-trade issues         Publish Date : 3/3/2007 7:21:00 AM  
The agri-trade has become a very contentious issue in the World Trade Organisation (WTO), but India and Australia have agreed to resolve issues coming in the way of trade in agricultural goods by setting up a mechanism.

RBI to absorb more liquidity to contain inflation         Publish Date : 3/3/2007 7:11:00 AM  
In a bid to further contain inflation, Reserve Bank of India today announced a modified market stabilisation scheme (MSS) and liquidity adjustment facility (LAF) to suck out Rs 11,500 crore from the system.

Gold and Silver prices turn distinctly weak         Publish Date : 3/3/2007 7:03:00 AM  
Both the precious metals today turned distinctly weak on the bullion market as silver plunged by Rs 570 and gold by Rs 155 on heavy stockists offerings tiggered by sharp fall in the global markets.

Further fall in gold and silver prices         Publish Date : 3/2/2007 7:06:00 AM  
Both the precious metals continued to decline on the bullion market here today on sustained offering from stockists in view of fall in the international markets.

Rupee ends marginally up at 44.26/27 a dollar         Publish Date : 3/2/2007 7:03:00 AM  
The rupee today ended marginally higher at Rs 44.26/27 a dollar, supported by a smart recovery on equity markets coupled with fresh exporters' dollar sales.

Hyundai domestic sales up 74 pc in Feb         Publish Date : 3/2/2007 7:01:00 AM  
Hyundai Motor India today reported a 74 per cent increase in its domestic vehicle sales during February at 15,459 units compared to the same month last year.

Hutchison Telecom files caveat fearing legal move by Essar         Publish Date : 3/2/2007 6:59:00 AM  
Hong Kong-based Hutchison Telecom has filed a caveat before the Bombay High Court to ensure that its plea is heard in case Essar moves the court, challenging the the foreign partner's decision to sell stake to Vodafone.

Skoda slashes car prices up to Rs 24,000         Publish Date : 3/2/2007 6:56:00 AM  
As car makers Maruti and Hyundai announced a hike in prices, luxury car maker Skoda Auto today slashed prices across all models by up to Rs 24,000 citing reduction in customs duty on imported car parts in the Budget.

Bond prices continue to decline         Publish Date : 3/1/2007 8:30:00 AM  
Government bond prices continued to decline on persistent selling while call rates eased in view of ample liqudity in the system.

India should be more conscious of global developments: RBI         Publish Date : 3/1/2007 8:19:00 AM  
The Reserve Bank of India today said the steep fall in Indian stock markets was a contagious effect of plunge in overseas bourses and the country should have strong market and regulatory mechanism to avoid disruption in markets.

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