China Trade Review: Surplus Stabilizing
Econ Grapher submits:
China saw exports rise 30.5% year on year in April to $119.9 billion and imports up 49.7% to $118.24 billion, leaving a trade surplus this month of $1.68 billion compared to a deficit last month of -$7.24 billion. Consensus estimates were for a deficit of -$0.55 billion.
The rise in imports, though much of it driven by increasing commodity prices, is a positive sign for global trade and economic activity as China increasingly becomes a driver of world economic growth.