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在线翻译:
szdaily -> Business_Markets -> 
Exports rise more than expected
    2018-05-09  08:53    Shenzhen Daily

CHINA’S exports rebounded more strongly than expected in April after a surprise drop the previous month, suggesting global demand remains relatively resilient and providing a cushion to the economy amid a trade spat with the United States.

Imports in April also grew more robustly than expected, suggesting China’s domestic demand is holding up well, good news for policymakers looking to soften the blow from any trade shocks.

China’s April exports rose 12.9 percent from a year earlier, beating analysts’ forecasts for a 6.3-percent increase and snapping back from a 2.7-percent drop in March, which economists believe was heavily distorted by seasonal factors.

China’s trade surplus with the United States widened to US$22.19 billion in April, from US$15.43 billion in March, according to calculations based on customs data released yesterday. For the January-April period, it rose to US$80.4 billion, compared with about US$71 billion in the same period last year.

China’s exports to the United States rose 13.9 percent in the first four months of 2018 from a year earlier, compared with a 14.8-percent rise in the January-March period. Its imports from the United States rose 11.6 percent in the same period.

China’s April imports also showed strong growth overall, suggesting its domestic demand remains resilient despite rising corporate borrowing costs and cooling property investment.

Imports grew 21.5 percent from a year ago, beating analysts’ forecast of 16-percent growth, and accelerating from a 14.4-percent rise in March. China’s imports of soybeans and crude oil rose in April from the previous month, though imports of iron ore and coal fell.

China’s aluminium exports inched higher in April as U.S. import tariffs were offset by a spike in international prices due to U.S. sanctions on Rusal. Steel exports also jumped, rising to their highest level since August last year.

That left China with a trade surplus of US$28.78 billion for the month, compared with forecasts for a US$24.7 billion surplus in April and a rare deficit of US$4.98 billion in March.

That led to a wider surplus with the United States in the January-April period of US$80.4 billion, according to China’s customs data.

(SD-Agencies)

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