China’s Trade Up in April

China’s exports and imports rose in April from the year-ago period, government data showed on Thursday, defying expectations for a dip on both figures.

Exports climbed 0.9 percent in April from the year-ago period, the Customs Administration said, much better than the 1.7 percent dip a Reuters poll of analysts had predicted and versus a fall of 6.6 percent in March.

Imports, meanwhile, rose an annual 0.8 percent, against a Reuters forecast for a 2.3 percent drop and compared to a 11.3 percent slump in March.  This brings trade surplus for the month to 112.2 billion yuan ($18 billion).  The commerce ministry said trade picture will likely improve further after May.


This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.