Analysts say exports rose 32.3 percent since April 2020, likely giving the Chinese economy a turbo boost this year.
As China extended its impressive trade performance in April, exports accelerated unexpectedly and import growth was in a decade high, boosting the world’s second-largest economy.
Analysts say that halting factory production in other countries hit by a sharp economic recovery and coronavirus in the United States has boosted demand for goods in China.
Dollar exports rose 32.3 percent from a year earlier to $ 263.92 billion, China’s General Administration of Administration said on Friday, beating analysts ’forecasts of 24.1% and growth of 30.6% in March.
“China’s export growth is again shocking,” said Zhiwei Zhang, chief economist at Pinpoint Asset Management, adding that it is likely that two factors – the strong U.S. economy and the COVID-19 crisis in India, led to a change in orders to China – likely contributed. strong export growth.
China extended its impressive trade performance in April, with exports unexpectedly accelerating and import growth hitting a decade high, in a boost to the world’s second-largest economy.
A brisk economic recovery in the United States and stalled factory production in other countries hit by coronavirus have propped up demand for goods made in China, analysts say.
Exports in dollar terms surged 32.3 percent from a year earlier to $263.92bn, China’s General Administration of Customs said on Friday, beating analysts’ forecasts of 24.1 percent and the 30.6 percent growth reported in March.
“China’s export growth again surprised on the upside,” said Zhiwei Zhang, chief economist at Pinpoint Asset Management, adding that two factors – the booming US economy and the COVID-19 crisis in India, causing some orders to shift to China – likely contributed to the strong export growth.
China posts rapid trade growth in April as recovery races ahead
By Stella Qiu and Kevin Yao
Reuters
BEIJING (Reuters) - China extended its impressive trade performance in April, with exports unexpectedly accelerating and import growth hitting a decade high, in a boost to the world s second-largest economy.
A brisk U.S. economic recovery and stalled factory production in other countries hit by coronavirus have propped up demand for goods made in China, analysts say.
Exports in dollar terms surged 32.3% from a year earlier to $263.92 billion, China s General Administration of Customs said on Friday, beating analysts forecast of 24.1% and the 30.6% growth reported in March.
China posts rapid trade growth in April as recovery races ahead
China extended its impressive trade performance in April, with exports unexpectedly accelerating and import growth hitting a decade high, in a boost to the world’s second-largest economy.
A brisk U.S. economic recovery and stalled factory production in other countries hit by coronavirus have propped up demand for goods made in China, analysts say.
Exports in dollar terms surged 32.3% from a year earlier to $263.92 billion, China’s General Administration of Customs said on Friday, beating analysts’ forecast of 24.1% and the 30.6% growth reported in March.
“China’s export growth again surprised on the upside,” said Zhiwei Zhang, chief economist at Pinpoint Asset Management, adding that two factors – the booming U.S. economy and the COVID-19 crisis in India, causing some orders to shift to China – likely contributed to the strong export growth.