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QINGDAO TODAY
在线翻译:
szdaily -> Business -> 
Exports rebound to 5-month high
    2019-04-15  08:53    Shenzhen Daily

THE country’s exports rebounded in March but imports shrank for a fourth straight month and at a sharper pace, painting a mixed picture of the economy.

Investors are hoping for signs of economic recovery in China to temper worries about slowing global growth, after the International Monetary Fund last week downgraded its 2019 world outlook for the third time.

March exports rose 14.2 percent from a year earlier, customs data showed Friday, the strongest growth in five months. Economists polled previously had expected a 7.3 percent gain after February’s 20.8 percent plunge.

Shipments picked up around 3 percent month on month, suggesting some improvement in foreign demand, Julian Evans-Pritchard, senior China economist at Capital Economics, said in a note. But he said exports have yet to fully recover from a sharp slowdown late last year.

“With global growth set to remain weak in the coming quarters, a strong rebound in exports looks unlikely,” he said.

Adding to the worries, China’s imports fell more than expected, suggesting its domestic demand remains weak.

Imports fell 7.6 percent from a year earlier, worse than analysts’ forecasts for a 1.3 percent fall and widening from February’s 5.2 percent drop.

That left the country with a trade surplus of US$32.64 billion for the month, according to media calculations based on the official data, much larger than forecasts of US$7.05 billion.

In the first quarter, exports rose 1.4 percent from a year earlier, while imports fell 4.8 percent.

A customs spokesman said he expects mild growth in both exports and imports in the current quarter.(SD-Agencies)

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