China’s mercantile activity rises 9.6 points in May

Beijing, Jun 9 (Prensa Latina) China on Thursday reported that its mercantile activity grew by 9.6 percent year-on-year in May and thus reversed the slow growth reported in April after the economic disruptions in Shanghai and Beijing due to the new outbreak of Covid-19.

June 9, 2022
11:43

According to the General Administration of Customs, the total foreign trade volume in that period totaled more than 537 billion dollars.

In detail, exports rose 16.9 points to total 308.25 billion dollars and imports increased 4.1 points with a value of 229.49 billion dollars.

Meanwhile, the foreign trade grew by 8.3 percent between January and May.

The figures show a strong recovery of that activity in the fifth month of the year after it only grew by 0.1 percent in April.

In May, China began to ease restrictions, to revive production at an accelerated pace and normalize international cargo transportation in Shanghai, its financial heart and an important world center for the transfer of goods.

The Government has implemented multiple measures aimed at stabilizing, reviving and making the economy resilient in the face of the uncertainties generated by the new outbreaks of Covid-19 and the Russia-Ukraine conflict.

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