Huo Deming: Weaker international demand impacts China's foreign trade
Latest data from China‘s General Administration of Customs shows that China’s international trade volume has reached 1.32 trillion US dollars in the past four months.The number is a 3.1-percent decline compared with the same period last year. Trade volume of export in the past four months reached over 670 billion US dollars, a decline of 4.8-percent year on year, while import has a decline of 1.2-percent year on year.
For more analysis, we're joined by Professor Huo Deming from the National School of Development at Peking University.
Q1. Hello, Professor Huo, both exports and imports volume for China in the past four months has declined, versus the same period last year. What factors do you think have been impacting China’s foreign trade and have led to the decline?
Q2. Some good news is that China’s exports went up 0.9 percent year on year in April. And the China Export Leading Index in April also saw an increase compared with the previous month. What does this mean for the Chinese economy?
Edited by: Arthars