China’s exports, imports ease from record high

China’s exports, imports ease from record high

China‘s exports and imports eased from record highs in April, raising concerns that growth may slow down after the robust kick off in the first three months of this year.

In dollar terms, exports advanced 8 percent in April from a year earlier, while imports surged 11.9 percent, resulting in a widening trade surplus of $38.05 billion. Analysts had estimated a 11.3 percent soar and 18 percent advance for exports and imports respectively.

In March, overseas sales rose 16.4 percent while imports climbed 20.3 percent.

Exports to the United States edged up 11.7 percent last month, easing from 19.7 percent in March.

The dollar was 0.01 percent higher against the yuan at 6.9040, as of 10:55 GMT.

Ahmed Mamdouh

Ahmed Mamdouh, Co-Founder and Head of English Fundamental Analysis at FXComment.com, with 7 years of experience in the financial markets. Mamdouh holds a Master’s Degree in Economics from The American University in Cairo and a Bachelor Degree in Economics from The Faculty of Economics and Political Science, Cairo University.

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