China is expected to report much slower export growth for April after a strong r...
BEIJING - China is expected to report much slower export growth for April after a strong rebound in March, while imports likely shrank for a fifth straight month but at a milder pace, a Reuters poll showed.
But hopes for a modest China export recovery in the second half of the year may have been turned on their head on Monday, after U.S. President Donald Trump said he would hike tariffs on Chinese goods this week and target hundreds of billions more, escalating tensions between the two sides. Some economists believe the unexpected strength in March was mainly due to temporary distortions including seasonal factors and changes in exporters’ and importers’ activity ahead of a cut in the value-added tax on April 1.
Economists predict April imports fell 3.6 percent from a year earlier, narrowing from the previous month’s 7.6 percent decline.
France Dernières Nouvelles, France Actualités
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