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Zhejiang exports up 13 pct in April

Xinhua, May 13, 2016 Adjust font size:

Exports from east China's Zhejiang Province rose 13.1 percent in April, led by the private sector and e-commerce, local customs said on Thursday.

Exports in April rose to 146 billion yuan (around 22 billion U.S. dollars). The rise brings export growth in the province during the first four months back into positive territory, at 0.3 percent, compared to a decline of 4.1 percent in the first quarter.

Total trade volume for the first four months stands at 638.4 billion yuan, down 0.9 percent from the same period a year ago. Imports fell 5.2 percent year-on-year to 134 billion yuan.

The increase is driven largely by private companies, over 70 percent of the total, growing 5.1 percent between January and April, compared with a decline of 14.1 percent for the state sector.

Cross-border e-commerce has defied slowing trade growth, up more than 300 percent in the same period. Endi