China reported export growth in April
It was unexpected to say the least
China’s exports rose unexpectedly in April. While economists generally expected a significant decline, Asian countries boosted exports by 3.5 percent from the same month last year.
Rather, exports were projected to drop by 11 percent, as demand would drop due to global anti-coronavirus measures. Exports to Southeast Asia in particular picked up. Experts now assume that the recovery in exports is temporary, and that the corona crisis will certainly put pressure on exports later this year.
Chinese imports fell by 14.2 percent in April. Here, economists generally expected a 10 percent drop.
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