China’s April exports rise but slow from March

AFP, BEIJING: Chinese exports rose for the second consecutive month in April, official data showed yesterday, boosted by improving global demand, but at a slower pace than in the previous month.
Exports were up 8.0 per cent year-on-year to $180 billion, while imports were up 11.9 per cent at $142 billion. That pushed the trade surplus to $38 billion from $23.9 billion in March, according to customs figures.
“Growth in exports shows robust global demand,” Xia Le, a Hong Kong-based economist at Banco Bilbao Vizcaya Argentaria SA, told Bloomberg News.
“China’s financial deleveraging has just started, and will weigh on the domestic economy. Imports will reflect that trend first,” Xia said.
Exports to the huge US market increased by 11.7 per cent in April compared to 19.7 per cent a month earlier, while shipments to the European Union rose four per cent.
The figures follow official and private surveys showing that factory activity expanded at a slower-than-expected pace in April.
China’s export data had improved in March as fears of a trade war with the United States eased after US President Donald Trump’s stance on Beijing softened after a cordial summit with President Xi Jinping.

Chinas April exports rise but slow from March

AFP, BEIJING: Chinese exports rose for the second consecutive month in April, official data showed yesterday, boosted by improving global demand, but at a slower pace than in the previous month. Exports were up 8.0 per cent year-on-year to $180 billion, while imports were up 11.9 per cent at $142 billion. That pushed the trade surplus to $38 billion from $23.9 billion in March, according to customs figures. Growth in exports shows robust global demand, Xia Le, a Hong Kong-based economist at Banco Bilbao Vizcaya Argentaria SA, told Bloomberg News. Chinas financial deleveraging has just started, and will weigh on the domestic economy. Imports will reflect that trend first, Xia said. Exports to the huge US market increased by 11.7 per cent in April compared to 19.7 per cent a month earlier, while shipments to the European Union rose four per cent. The figures follow official and private surveys showing that factory activity expanded at a slower-than-expected pace in April. Chinas export data had improved in March as fears of a trade war with the United States eased after US President Donald Trumps stance on Beijing softened after a cordial summit with President Xi Jinping.