China's foreign trade regains momentum in May

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China's foreign trade regains momentum in May

STORY: China's foreign trade regains momentum in May DATELINE: June 9, 2022 LENGTH: 00:01:24 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of views in China STORYLINE: China's foreign trade rebounded in May as total imports and exports went up 9.6 percent year on year to 3.45 trillion yuan on top of April's 0.1-percent expansion, official data showed Thursday. In the first five months of 2022, the country's foreign trade volume grew 8.3 percent year on year to 16.04 trillion yuan, according to the General Administration of Customs. In U.S. dollar terms, total foreign trade came in at 2.51 trillion U.S. dollars in the five-month period, up 10.3 percent year on year. In an effort to help foreign trade firms navigate difficulties, the State Council, China's cabinet, issued a guideline last month to improve services and provide more financial and fiscal support for the enterprises. To add further stability to the sector, 27 government departments, including China's top economic planner, the comm

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