China goods, services trade surplus tops 60b US dollars

Sun Online Desk

4th July, 2020 05:51:29 printer

China goods, services trade surplus tops 60b US dollars

Aerial photo taken on May 13, 2020 shows containers at Weihai Port in Weihai City, east China's Shandong Province. (Xinhua/Zhu Zheng)

International goods and services trade surplus in China stood at 424 billion yuan (about 60 billion U.S. dollars) in May, according to official data.

Trade income amounted to 1.59 trillion yuan while expenditure stood at 1.17 trillion yuan, according to data from the State Administration of Foreign Exchange.

In breakdown, China's goods trade income stood at 1.46 trillion yuan with an expenditure of 965 billion yuan, leading to a 494.2-billion-yuan surplus, the data showed.

Meanwhile, services trade saw a 70.2-billion-yuan deficit, as services income and expenditure stood at 130.2 billion yuan and 200.4 billion yuan, respectively.


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