The General Administration of Customs of the People's Republic of China (China Customs) said on Monday, “at present, China's exports are facing a complex and severe external situation, but "the sky will not fall". “
Additional quotes
- Year-on-year (YoY) decline in imports in the first quarter was mainly due to the decline in international product prices and fewer working days.
China’s January-March Yuan-denominated exports +6.9% YoY.
- China’s Jan-March Yuan-denominated imports -6.0% YoY.
- In the first quarter of this year, economic operation started smoothly, foreign trade pushed forward under pressure, and achieved scale growth and quality improvement.
- Will strictly implement all measures to control the United States in accordance with the law and safeguard national sovereignty and security.
- China is actively building a diversified market, deepening cooperation with all parties in the supply chain.
- Importantly, China's domestic demand market is broad.
- Under the interference and impact of tariffs imposed by the United States, bilateral trade continued to grow, an increase of 4%.
Market reaction
AUD/USD keeps its range near 0.6300, adding 0.15% on the day at the time of writing.
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