* China’s Q1 foreign trade with other BRICS nations surges

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Xinhua: “China’s top customs authority announced Friday that the country’s foreign trade with the other four BRICS nations surged by 45.8 percent to reach 59.9 billion U.S. dollars in the first quarter of this year.

The first-quarter foreign trade growth between China and the other four nations of BRICS (an acronym for Brazil, Russia, India, China and South Africa), was 16.3 percentage points higher than China’s average foreign trade growth during the period, China’s General Administration of Customs said in a statement on its website.

During the first three months, China’s imports from the other BRICS countries reached 33.05 billion U.S. dollars, up 57.2 percent year on year. Exports to those countries hit 26.85 billion yuan, up 33.8 percent. …

Q1 bilateral trade between China and India rose 25.2 percent to 17.63 billion U.S. dollars. Trade with Brazil surged 58.9 percent to 16.11 billion U.S dollars, while that with Russia rose 33.5 percent to 15.99 billion U.S. dollars. Bilateral trade between China and South Africa increased more than one fold to 10.16 billion U.S. dollars.”

via China’s Q1 foreign trade with other BRICS nations surges.

It used to be BRIC, since 2010 it has become BRICS to include South Africa. http://en.wikipedia.org/wiki/BRICS

Related Page: https://chindia-alert.org/economic-factors/

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