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China’s trade surplus widens sharply
HONG KONG (MarketWatch) –- China’s trade surplus for April widens to $11.4 billion, expanding sharply from $139 million in March and far exceeding analysts’ expectations, as export growth outpaced import growth by a large margin, according to customs’ data released Tuesday.
Exports for the month grew 29.9% from a year earlier, while imports expanded 21.8% year-on-year, according to customs’ bureau data released on its Web site Tuesday.
A Reuters’ survey found median expectations were for a 29.4% surge in exports and a 28% rise in imports, leading to a monthly trade surplus of $3 billion.
A Dow Jones Newswires survey of 13 analysts found median expectations for $1 billion trade surplus in April. |
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