China’s exports in U.S. dollar-denominated terms rose 11.5 percent year-on-year in March, reversing a trend of decline that had lasted eight consecutive months, state-run news agency Xinhua reported.
But the monthly value of China’s imports continued to show contraction, declining in March by 7.6 percent from the previous year, China’s General Administration of Customs said on Wednesday.
Huang Songping, spokesperson of the Customs, said – quoted by Xinhua – the rebound in exports was due to a lower base for comparison, and to Government support.
China’s trade would still face “relatively large downward pressure” but exports were likely to remain steady in the second quarter, he added.
In the first quarter of this year China’s exports retreated 9.6 percent year-on-year in U.S. dollar-denominated terms while imports plunged 13.5 percent, leading to a trade surplus of US$125.73 billion.
