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ICBC applies for New York branch
Baosteel, Handan to build US$2.5b steel plant
Chinese retailers earn 320 bln yuan in holiday
Govt subsidies help farmers purchase 300,000 farm machines in '06
Shenzhen Development Bank posts 129% growth in net profits in Q1
Major Chinese steel firms quadruple profits in Q1
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China's civil aviation industry posts rising profits in first quarter
IBM to sell Lenovo shares at 6.7% discount
Indian, Chinese tea firms join hands
Daily number of loaded freight cars hits record high in China
Report: Chinese cities in danger of housing bubble
Huaxia Bank's net profit rises 21% in first quarter
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Mainland stocks rise to record for 4th day
Local, foreign small and medium-sized enterprises to meet
Shanghai Automotive appoints new president
Stock accounts halted to counter speculations fears
Both import, export value of tungsten down 11% in Q1
Expert: China to become world's second largest trader this year
 
China's monthly trade surplus rebounds in April
BEIJING, May 11 (Xinhua) -- China's trade surplus in April more than doubled the figure of March to 16.88 billion U.S. dollars, though the country's exports grew slower and imports rose faster over the past month, according to the General Administration of Customs.


But the figure was still a drastic decline from February's 23.7 billion U.S. dollars, the second-highest monthly level on record.


The administration said the aggregate surplus for the first four months has reached 63.31 billion U.S. dollars, with the April exports standing at 97.45 billion U.S. dollars and exports 80.57 billion U.S. dollars.


The year-on-year rise for exports in April stood at 26.8 percent, a slight drop of one percentage point from the first quarter; for imports in April, at 21.3 percent, about 3.1 percentage point higher than the first quarter.


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