China’s exports, imports increase in April
The country’ exports posted an annual increase of 14.3% in April after a rise of 16.4% in March. However, the pace of growth stood below the expectations of a rise of 16.8%.
Chinese imports in April also climbed further by 18.6% year-on-year after an increase of 20.3% in March. The pace of growth, however, missed the expectations of a rise of 29.3%.
China’s trade surplus of $38 billion in April came higher than the expectations of $28.5 billion.
Economists had previously said that the external demand strengthened as was confirmed by the increase in exports in March, and that the jump in imports in March, which was driven by the country’s recent economic recovery, might be starting to slow down.
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