Last month saw major growth in China trade.
China’s April imports jumped 21.5 percent and its exports grew 12.9 percent against the prior year-ago period.
Both of those figures, denominated in U.S. dollars, topped analysts expectations: A Reuters poll had predicted 16 percent import growth and 6.3 percent export growth.
Overall, China’s April trade balance was a positive $28.78 billion, topping a Reuters poll of $24.7 billion.
Of note, the country’s trade surplus with the U.S. expanded to $22.19 billion compared to a surplus of $15.43 billion in March, customs data showed.
That news comes against the backdrop of intensive conversations between Donald Trump’s administration and Beijing about trade issues, including a demand from the American side to close the trade gap between the two countries.
—Reuters contributed to this report.
Source: cnbc china
China says its trade surplus with the US expanded by nearly billion last month