(MENAFN- Qatar News Agency) China's foreign trade growth continued to pick up in the first quarter, as the country's supportive policies initiated last year began to take effect amid the improving economy.
The General Administration of Customs (GAC) said Wednesday that in the first quarter, China's foreign trade - exports and imports combined - increased 13.4% year-on-year to 974.67 billion US dollars, faster than the country's 6.2% trade growth for 2012, according to China's (Xinhua) Agency.
Trade surplus expanded to 43.07 billion US dollars from 210 million US dollars during the same period last year. In March alone, China's exports increased 10% year-on-year, narrowing from the 21.8% rate seen in February, while imports growth bounced back to 14.1%following a 15.2% drop in the previous month, the GAC said. The month saw a trade deficit of 880 million US dollars, in contrast with the 15.25 billion US dollars surplus in February. Â
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