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MNI BRIEF: China April Exports Improve; Imports Surge

MNI (Singapore)
(MNI) Beijing

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.

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