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