China trade: exports rebound but imports fall more than expected

Credit: Reuters Studio
Published on April 12, 2019 - Duration: 02:00s

China trade: exports rebound but imports fall more than expected

China's exports rebounded in March but imports shrank for a fourth straight month and at a sharper pace, painting a mixed picture of the economy as trade talks with the United States reach their endgame.

Pascale Davies reports.


China trade: exports rebound but imports fall more than expected

Trade talks between the U.S. and China have been progressing but are still inconclusive.

As, say analysts, are aspects of China's latest trade data.

Exports rose 14.2 percent in March compared with last year- the strongest growth in five months.

But that could be because of seasonal factors.

And imports shrank 7.6 percent, according to customs data.

Suggesting its domestic demand remains weak.

Friday's data also leaves China with a trade surplus of close to $33 billion for the month, according to Reuters calculations, which is nearly five times bigger than forecasts.

It comes amid a cloudy economic climate, and as the IMF trimmed its 2019 global growth forecast this week to 3.3 percent (SOUNDBITE) (English) IMF MANAGING DIRECTOR, CHRISTINE LAGARDE, SAYING: "As you heard a couple of days ago, we're now talking about synchronized slowdown by 70 percent of the global economy." The IMF slightly boosted China's forecast to 6.3 percent in part because the Sino-U.S. trade war has not escalated as much as expected.

China has also loosened monetary policy and announced extra spending on infrastructure.

President Donald Trump said an agreement on a new trade deal could happen in four weeks.

But there are remaining issues to resolve, according to both sides.


Generalisation of the concept of 'security', which they use indiscriminately.

China calls up on the U.S. to stick to the principles of mutual benefit and mutual trust and quickly correct their erroneous ways." Economists have warned that even if a deal is reached and US tariffs on its exports are largely withdrawn... China's exporters may still have to face a widespread global slump.

You are here

Recent related news from verified sources

The US President's trade war against China has so far focused on attacking imports. His new front: Weaponising American exports
5 hours ago • Sydney Morning Herald

President Donald Trump's trade war against China has so far focused on attacking imports. His new front: Weaponizing American exports.
12 hours ago • Newsmax

Exports fell for a second straight month in April, weighed by the global economic slowdown, deepening trade tensions between the US and China, political...
1 day ago • Bangkok Post

Recent related videos from verified sources

U.S. Tariffs On China to Cost American Households 00:38
Credit: Wochit News - Published 10 hours ago 

Trump Tariffs Are Making Retailers and Consumers Nervous 02:41
Credit: Cheddar Inc. - Published 6 days ago 

What Investors Need to Know about Nvidia for the Rest of 2019 03:03
Credit: The Street - Published 1 week ago 

China says trade war talks with U.S. continue 01:39
Credit: Reuters - Politics - Published 1 week ago 

National Headlines: Trump Tariffs, Alaska Plane Crash & More 02:35
Credit: CBS 4 WCCO Minnesota - Published 1 week ago 

Trump: More Cash For Farmers 01:11
Credit: HuffPost NOW News - Published 2 weeks ago 

Trump's Tough-Talking Rhetoric On China May Backfire In Re-Election Campaign 00:44
Credit: Wochit News - Published 2 weeks ago 

China Remains 'Cautiously Optimistic' On U.S. Trade Talks Despite Tariffs 00:48
Credit: Wochit - Published 2 weeks ago 

You might like