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(单词翻译:双击或拖选)
China's foreign trade continues to sustain pressure in May.
China's total trade volume last month stood at 1.97 trillion yuan, down 9.7 percent year on year. The fall is smaller than April's figure, which had the worst performance in six years.
Imports continued a double digit1 drop of 18.1%, while exports slipped 2.8%. That's narrower than April's result, suggesting improvement.
"The drop in April was 8.4 basis points narrower than March, and the drop in May is 3.4 basis points narrower than April," said Huang Songping, deputy director.
Officials are not too optimistic about foreign trade's trajectory2. The official Exports Leading Index gauges3 the country's exporters' expectations and the number fell 0.9 points to 35 in May.
"It is the third straight month for the Exports Leading Index to drop. The pressure on China's foreign trade is huge. Therefore we must work to maintain healthy growth in the sector4 by cultivating new growth points and consolidating5 traditional advantages," Huang said.
The data also reflected some new trends. Export volume to several countries along the One Belt One Road region, including Egypt, Pakistan, Israel and Saudi Arabia grew at double digit rates.
"Our exports to emerging markets and the Belt and Road economies have outperformed the rest. This shows that China's export destinations are diversifying6. It also shows that the strategy of One Belt One Road is gradually taking effect," Huang said.
China's trade with its traditional partners is showing a different picture. Trade volume with the US rose but trade with the EU, Japan and the ASEAN nations all posted negative growth.
1 digit | |
n.零到九的阿拉伯数字,手指,脚趾 | |
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2 trajectory | |
n.弹道,轨道 | |
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3 gauges | |
n.规格( gauge的名词复数 );厚度;宽度;标准尺寸v.(用仪器)测量( gauge的第三人称单数 );估计;计量;划分 | |
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4 sector | |
n.部门,部分;防御地段,防区;扇形 | |
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5 consolidating | |
v.(使)巩固, (使)加强( consolidate的现在分词 );(使)合并 | |
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6 diversifying | |
v.使多样化,多样化( diversify的现在分词 );进入新的商业领域 | |
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