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China says exports up 27.3 pct yr/yr in early May

Source : REUTERS
Last Updated: Fri, May 25, 2012 04:28 hrs
A crane loads a container onto a truck at a port in Qingdao, Shandong province

China's exports grew 27.3 percent and imports rose 28 percent in the first 10 days of May compared with the same period of last year, a vice commerce minister said on Friday.

"There are signs of things turning better from data in the first 10 days of May," Li Jinzao, a vice minister of commerce, told a news conference. "They are making us more confident about achieving this year's trade target."

He added that China's trade surplus for the period also widened, without giving a specific data.

"But we also clearly know that there will be no quick and significant improvement in global situation, and we are still confronted with a relatively stern trade environment," Li said.

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