China's exports rebounded in March but imports shrank for a fourth straight...
BEIJING - 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.
But veteran China watchers had said export gains may be due more to seasonal factors than any sudden turnaround in lackluster global demand, as shipments were expected to jump after long holidays in February. “With global growth set to remain weak in the coming quarters, a strong rebound in exports looks unlikely,” he said.
That left the country with a trade surplus of $32.64 billion for the month, according to Reuters calculations based on the official data, much larger than forecasts of $7.05 billion.A customs spokesman said he expects mild growth in both exports and imports in the current quarter.Chinese banks extended 1.
While export orders remained sluggish, there were signs that a long spell of contraction was easing even as trade talks with the United States appeared to be making progress. The International Monetary Fund trimmed its 2019 global growth forecast this week to 3.3 percent, while slightly boosting its forecast for China to 6.3 percent, in part because the Sino-U.S. trade war did not escalate as much as expected.The trade dispute has prompted some U.S.
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