China posts surplus, shows signs of stabilization
China saw exports rise 30.5% year on year in April to $119.9billion, and imports up 49.7% to $118.24billion, leaving a trade surplus this month of $1.68billion compared to a deficit last month of -$7.24billion. Consensus estimates were for a deficit of -$0.55billion.
The rise in imports, though much of it driven by increasing commodity prices, is a positive sign for global trade and economic activity as China increasingly becomes a driver of world economic growth.
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