The Chinese trade balance raised its surplus in April to 42.85B dollars, surpassing the 13.8B in March and the 28.1B estimated by the experts.
The Exports from the Asian giant marked the tenth consecutive month of increases, growing by 32.3% year-on-year in April, improving the 30.6% increase in March and the 24.1% expected by the market.
The YoY imports increased 43.1%, above the 38.1% of the previous month and the estimated 42.5%. This is the biggest rise seen by the indicator in more than a decade.
Prior to this battery of data, Caixin’s China services PMI was published, which showed 56.3 points in April compared to 54.3 in March. This is the highest figure seen by the indicator since December, when it obtained the same score.
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