(14 Apr 2025)
RESTRICTION SUMMARY:
ASSOCIATED PRESS
Beijing, China – 14 April 2025
1. Wide of press conference
2. Mid of reporter asking question
3. SOUNDBITE (Mandarin) Lyu Daliang, Vice Minister and Spokesperson, General Administration of Customs:
“Currently, China’s exports are facing a complex and severe external situation, but the sky will not fall. In recent years, China has actively built diversified markets and deepened industrial and supply chain cooperation with various parties, which not only empowers each other’s development but also enhances our own resilience. At the same time, China has a vast domestic demand market as an important base.”
4. Various of reporters at press conference
5. SOUNDBITE (Mandarin) Lyu Daliang, Vice Minister and Spokesperson, General Administration of Customs:
“We have maintained the world’s second largest importer for 16 consecutive years, with an average annual growth rate of 5.4%, and our global import share has steadily increased from 7.9% to 10.5%. At present and in the future, China’s import growth space is huge, and the large Chinese market is always a great opportunity for the world.”
6. Mid of press conference
7. Mid of reporter asking a question
8. SOUNDBITE (Mandarin) Lyu Daliang, Vice Minister and Spokesperson, General Administration of Customs:
“China and ASEAN (Association of Southeast Asian Nations) are jointly committed to the development of regional economic integration, and our industrial chains are closely linked, which drives rapid growth in the import and export of upstream and downstream products.”
9. Close of reporters
10. Wide of press conference
STORYLINE:
China’s exports jumped 12.4% in March from a year earlier as companies rushed to beat increases in U.S. tariffs imposed by U.S. President Donald Trump, the government said on Monday.
Imports fell 4.3% to $211.3 billion in March, the customs administration reported, far exceeded by exports worth $313.9 billion, leaving a trade surplus of $102.6 billion.
China’s trade surplus surged to a record $992.2 billion in 2024 and its exports climbed 5.4%, helping to make up for sluggish growth at home as the country slowly recovers from a crisis in its property market and lingering impacts of the COVID-19 pandemic.
After taking office, Trump first ordered a 10% increase in tariffs on imports from China. He later raised that to 20%. Now, China is facing 145% tariffs on most of its exports to the United States, based on the most recent revisions in Trump’s trade policies.
The harsh U.S. tariffs on Chinese products have raised questions about whether manufacturers might end up diverting exports to other overseas markets as they give up on selling to American consumers due to a more than doubling of import duties.
The impact of the higher tariffs is already showing, with exports of lower value-added items like shoes and clothing falling, while shipments of computer chips, household appliances and vehicles surged.
AP video by Borg Wong
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