May 09, 2024 05:59 GMT
MNI BRIEF: China April Exports Improve; Imports Surge
MNI (Singapore)
(MNI) Beijing
A pick up in overseas demand saw China exports recover through April.
TradeEM TradeDataPolicy NewsHomepageAPACChinaData BriefBriefStoryEM Policy NewsEM Policy StoryEM BriefEM EmailData StoriesRegion
True
China's exports rose 1.5% y/y in April, beating the market consensus of a 1.3% y/y rise and far ahead of the 7.5% y/y decline seen in March, data released by Customs on Thursday showed, with the increase driven mainly by recovering external demand.
Imports increased 8.4% y/y during the month, outpacing market consensus for a 4.7% y/y pick up, much improved from last month's 1.9% y/y drop.
The trade surplus over the first four months of 2024 was USD255.7 billion, with April contributing USD72.4 billion.
Keep reading...Show less
93 words