China trade surges as global demand recovers from pandemic

China's exports surged 32.3% in April as global consumer demand strengthened, while imports rose 43.1%

Via AP news wire
Friday 07 May 2021 05:15
Virus Outbreak China Daily Life
Virus Outbreak China Daily Life

China’s exports surged 32.3% over a year earlier in April as global consumer demand strengthened, while imports rose 43.1%.

Exports rose to $263.9 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 Friday. Imports increased to 43.1%, accelerating from March's 38.1% expansion.

Exporters have benefited from the relatively early reopening of China’s economy and demand for Chinese-produced 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 President Joe Biden might do about reviving tariff war talks with Beijing