Traders are keenly anticipating signs of what US President Joe Biden might do about reviving tariff war talks with Beijing.
Traders are keenly anticipating signs of what US President Joe Biden might do about reviving tariff war talks with Beijing.
China’s exports surged 32.3.6% in April compared to the previous year as global demand revived despite the persisting coronavirus pandemic.
Exports rose to 264 billion dollars (£190 billion), in line with the previous month’s growth but down from the explosive 60.6% rise in the first two months of 2021, customs data showed on Friday.
Imports increased to 43.1%, accelerating from March’s 38.1% expansion.
Exports to the United States rose 30.8% over a year ago to 42 billion dollars despite a lingering tariff war with Washington, the General Administration of Customs of China reported. Imports of American goods rose 23.5% to 13.9 billion dollars.
China’s global trade surplus narrowed by 5% to 42.8 billion dollars, an indication demand is recovering faster in the country than in the rest of the world. Its political volatile surplus with the United States widened by 33.4% to 28.1 billion dollars.
Exporters have benefited from the relatively early reopening of China’s economy and demand for masks and other medical supplies while some governments are re-imposing anti-virus curbs that limit business and trade.
Traders are watching for signs of what US President Joe Biden might do about reviving tariff war talks with Beijing.
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