China's quarterly trade surplus shrinks 10.8%

China's trade surplus for the first quarter shrank 10.8 percent year on year as export growth continued to slow, customs figures show.

The trade surplus slid to 41.42 billion U.S. dollars in the first three months this year, the China Customs said on Friday.

Compared with the same period last year, exports rose 21.4 percent to 305.9 billion U.S. dollars, 6.4 percentage points lower. Imports jumped 28.6 percent to 264.5 billion U.S. dollars, 10.4 percentage points up.

The total trade volume stood at 570.4 billion U.S. dollars, a year-on-year rise of 24.6 percent.

Source:Xinhua