China’s exports and imports (CNFRIMPY) unexpectedly rose in April, helping leaders put a floor under a slowdown in the world’s second-biggest economy.
Overseas shipments increased 0.9 percent from a year earlier, when figures were inflated by fraudulent invoicing, data from the Beijing-based customs administration showed today. That compared with the median estimate for a 3 percent drop in a Bloomberg News survey of analysts. Imports gained 0.8 percent, leaving a trade surplus of $18.46 billion.
Improving global and domestic demand would reduce chances that Communist Party leaders resort to broad-based monetary easing or larger-scale stimulus than railway spending and tax breaks, after first-quarter growth slowed to the weakest pace in six periods. Officials are trying to rein in credit, pollution and property prices while targeting annual expansion of about 7.5 percent this year.