China says April exports jump 14.1% from a year ago ahead of Trump-Xi summit
The increase beat analysts’ estimates and was driven by stronger shipments to Europe, Southeast Asia, Latin America and Africa, economists said.
- The government reported that China's exports rose 14.1% in April, despite the Iran war and higher U.S. tariffs, ahead of next week's planned summit between President Donald Trump and Jinping in Beijing.
- Chinese leaders set an annual economic growth target of 4.5% to 5%, down from last year's 5% expansion, though China's economy has remained resilient due to large oil reserves and diversified energy sources.
- Imports climbed 25.3%, slower than the 27.8% growth in March but still robust, beating analysts' estimates and improving significantly from the 2.5% year-on-year expansion recorded in March.
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China’s exports rebound ahead of Trump-Xi summit
China’s exports rebounded in April as overseas buyers rushed to stockpile goods in the second month of the Iran war.The data also showed Beijing’s trade surplus widened, just ahead of US President Donald Trump’s visit to China later this week. Trump has taken issue with the surplus.The leaders are expected to cover trade, Iran, and AI, senior US officials said Sunday, but they tempered expectations of major investment deals.An “underlying asymme…
Sapo
Noticias ao MinutoChinese exports increased in April 14.1% compared to the previous counterpart period and imports increased by 25.3% in the same period, despite the war in the Middle East, according to official data published this Sunday. China's export growth recovered more than expected, despite the disruptions in maritime transport caused by the war in Iran, as trade volumes increased due to a ‘good investment in artificial intelligence'. Exports increased 14…
Exports from the second world economy increased by 14 per cent year-on-year and imports by 25 per cent, more than anticipated by economists.
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