China’s Trade Grows Unexpectedly In April

China’s exports increased 0.8% in April and its imports gained 0.9% compared to the year-ago period, according to data released by General Administration of Customs.

This resulted in a total trade value of $358.6 billion and a trade surplus of $18.5 billion.

"The better than expected export growth is supported by better export demand conditions in the developed market," BofA Merrill Lynch Global Research writes in a report.

"The improvement in import growth is driven by stronger commodities imports," the report says. "This might be helped by the government’s effort to speed up spending in infrastructure projects and social housing."

China Expert network