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Today: May 20, 2024

China's April exports grow 1.5%, imports increase 8.4%

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LA Post: China's April exports grow 1.5%, imports increase 8.4%
May 09, 2024
Reuters

BEIJING (Reuters) - China's April exports grew 1.5% year-on-year, while imports increased 8.4%, customs data showed on Thursday, suggesting demand at home and abroad may be slowly returning in a boost to the economic recovery.

A Reuters poll of economists had forecast exports would increase 1.5%, after outbound shipments contracted 7.5% in March, and imports to grow 4.8%, compared with a contraction of 1.9% the month prior.

China posted a trade surplus of $72.35 billion in April, compared with a $77.50 billion surplus expected in the poll.

(Reporting by Joe Cash; Editing by Shri Navaratnam)

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