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China's trade surplus over $34b in April
CGTN
A Russian cargo ship carrying 1,000 tons of soybeans arrives at Heihe Port in northeast China's Heilongjiang Province, May 28, 2021. /CFP

A Russian cargo ship carrying 1,000 tons of soybeans arrives at Heihe Port in northeast China's Heilongjiang Province, May 28, 2021. /CFP

China's international goods and services trade surplus stood at 220.1 billion yuan (about $34.47 billion) in April, official data showed on Friday.

The country's trade income amounted to about 1.83 trillion yuan, and expenditure stood at about 1.61 trillion yuan, according to data released by the State Administration of Foreign Exchange (SAFE).

China's goods trade income came in at about 1.66 trillion yuan with an expenditure of over 1.4 trillion yuan, leading to a surplus of 254.8 billion yuan, the data showed.

The services trade saw a deficit of 34.8 billion yuan, with the sector's income and expenditure standing at 171 billion yuan and 205.7 billion yuan, respectively.

Meanwhile, the Chinese foreign exchange (forex) market achieved total transactions of 19.95 trillion yuan in the same period, according to SAFE.

In terms of markets, the transaction volume of the client market was 2.7 trillion yuan, and the transaction volume of the interbank market was 17.25 trillion yuan.

In terms of products, the cumulative transaction volume of the spot market was 7.84 trillion yuan, and that of the derivatives market was 12.11 trillion yuan.

During the first four months this year, a total of 74.33 trillion yuan was traded in the Chinese forex market.

Source(s): Xinhua News Agency

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