Coronavirus: China’s exports in surprise jump in April, but imports tumble
China’s exports grew by 3.5 per cent in April and imports fell by 14.2 per cent, presenting a mixed picture of the economic recovery.
Demand shock from coronavirus containment efforts around the world did not appear to place great strain on world’s second largest economy in April.
China's exports returned to growth in April, beating forecasts and suggesting that an expected demand shock from coronavirus containment efforts around the world will come further down the line.
April exports rose by 3.5 per cent from a year earlier, reversing the 6.6 per cent fall in March and much better than the combined minus 17.2 per cent collapse in January and February. April’s return was much better than the expectations of a Bloomberg poll of analysts, which had predicted an 11 per cent shrinkage from a year ago.
But imports fell by 14.2 per cent from a year earlier, worse than Bloomberg’s poll, the median forecast of which was minus 10 per cent. April’s imports were also well below March's reading of minus 0.9 per cent, and January-February’s minus 4 per cent.
That means China's trade balance was US$45.34 billion in April, up from US$19.9 billion in March.
Since entering May, countries around the world have also started to resume work one after another to restore the economy.
Industry is the second largest industry in the world, and the industrial economy has an important influence on world economic prosperity.
As an industrial filter element factory from China, we produce a variety of high-quality wedge wire filter element, and can be exported to countries around the world, customers from all over the world are welcome to order.
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Demand shock from coronavirus containment efforts around the world did not appear to place great strain on world’s second largest economy in April.
China's exports returned to growth in April, beating forecasts and suggesting that an expected demand shock from coronavirus containment efforts around the world will come further down the line.
April exports rose by 3.5 per cent from a year earlier, reversing the 6.6 per cent fall in March and much better than the combined minus 17.2 per cent collapse in January and February. April’s return was much better than the expectations of a Bloomberg poll of analysts, which had predicted an 11 per cent shrinkage from a year ago.
But imports fell by 14.2 per cent from a year earlier, worse than Bloomberg’s poll, the median forecast of which was minus 10 per cent. April’s imports were also well below March's reading of minus 0.9 per cent, and January-February’s minus 4 per cent.
That means China's trade balance was US$45.34 billion in April, up from US$19.9 billion in March.
Industry is the second largest industry in the world, and the industrial economy has an important influence on world economic prosperity.
As an industrial filter element factory from China, we produce a variety of high-quality wedge wire filter element, and can be exported to countries around the world, customers from all over the world are welcome to order.
Tel: +86-311-83289301
E-mail: admin@yuanlvfilter.com
Skype: 86-18032240808
WhatsApp: +86 152 0001 7126
QQ: 139 9664 212
WeChat: 18032240808
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