Exports from China reduced the fifth month in succession.

Chinese exports in March fell by 17.1 percent relative to the rate of the same month in 2008, reported Bloomberg. The total volume of shipments abroad amounted to 90.29 billion dollars. At the same time imports declined by 25.1 percent, which led to an increase in surplus of trade balance of China at 41 percent to 18.56 billion dollars.
However, compared with February 2009, exports soared to 32.8 percent, while imports rose by 14 percent. It turned out much better predictions of experts, which allowed the customs bureau of the PRC to talk about "positive signs" indicating the stabilization of foreign trade.
The economy of most countries in Asia, export-oriented, has suffered because of the global credit crisis, which reduced the demand for East Asian goods. In some countries, particularly in Japan and Singapore, this has led to a reduction in GDP, whereas in China the rate of growth has slowed. According to the forecasts of international financial institutions, China's GDP growth in 2009 shows the lowest value over the past decade - 5,5-6,5 percent.
The fall in export volumes has forced the Chinese government to take care of the development of domestic demand. To increase consumer activity the government subsidizes the purchase of television sets and refrigerators in rural areas. In total, to stimulate the economy the state plans to spend nearly 4 trillion yuan (585 billion dollars).