In the January-March period this year, China’s total foreign trade value amounted to $1.03 trillion, indicating a year-on-year decline of 1.5 percent, as announced by the Chinese customs authorities on April 12. In the given period, the total value of China’s exports amounted to $551.76 billion, increasing by 1.4 percent year on year, while Chinese imports totaled $475.45 billion in value, declining by 4.8 percent year on year, resulting in a trade surplus of $76.31 billion.