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China April exports rise 32.3% y/y, imports +43.1% y/y
China’s exports grew 32.3% from a year earlier in April, official data showed on Friday, beating market expectations as the world’s second-largest economy continues to recover from the COVID-19 pandemic. The exports growth compared with a 24.1% growth tipped by a Reuters poll of economists. Imports rose 43.1% from a year earlier, compared with a 42.5% rise tipped by the Reuters poll. China ran a trade surplus of $42.85 billion for the month, customs said, compared with a $28.1 billion surplus tipped by the Reuters poll. (Reporting by Stella Qiu and Kevin Yao; writing by Se Young Lee; Editing by Sam Holmes)
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China’s April Trade Balance: Trade surplus expands, imports and exports show a solid increase
China's Trade Balance for April, in Yuan terms, came in at CNY276.5 billion versus CNY87.98 billion last. The exports in the fourth month of 2021 surged 22.2% vs. 30.7% expected and 20.7% last. Imports jumped by 32.2% vs. 12.6% expected and 27.7% prior. In USD terms, China reported a massive increase in the trade surplus, as imports and exports both surged above forecasts. Trade Balance came in at +42.85B versus +28.10B expected and +13.80 previous. Exports (YoY): +32.3% vs. +24.1% exp. and +30.6% last. Imports (YoY): +43.1% vs. +42.5% exp. and +38.1% last. Additional takeaways China Jan-April exports to the US ... (full story)
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AUD/USD: Stays mildly offered below 0.7800 despite strong China trade numbers
AUD/USD struggles to keep bounce off the day’s bottom. China trade surplus increase, import and exports jump in April. Risk appetite remains firm during a pre-NFP trading lull. US jobs report for April becomes the key, China headlines, covid news are extra catalysts to follow. AUD/USD fades bounce off intraday low while taking rounds to 0.7775, down 0.10% on a day, during early Friday. In doing so, the Aussie pair pays a little heed to the upbeat trade data from China, not to forget mildly optimistic market sentiment. China Trade Balance crossed $28.1B forecast and $13.8B prior with $42.85B release. Also, Imports ... (full story)