China’s exports gain momentum in Q1
Based on the preliminary data of China's State Information Center, the country's exports rose 35% year on year to $156.2 billion in the first three months of 2005. Imports rose 15% to $142.76 billion during the same period, bringing China's foreign trade surplus to $13.5 billion. China had reported a foreign trade deficit of $8.44 billion a year previously. The rise in exports played a significant role in gross domestic product (GDP) growth during the first quarter of 2005.