Import and Export Shows Increase Earlier than Expected
The country’s imports and exports increased earlier than expected in April which eased some concerns on the weakness of the recovery of the world’s second largest economy, but doubts still lingers on the strength of the real demand and accuracy of the figures.
Export increased more than 14 percent in April and imports increased more than 16 percent as well which left China a trade surplus of US$ 18 billion. Compared with the market expectations from a month earlier they saw a 10 percent increase in exports, a 13 percent increase in imports and a trade surplus of US$ 15 billion. Export data in the recent months signaled gradual revival of external demand although some analysts are suspecting that exporters might have overstated their business to sneak in funds to avoid capital restrictions.
Adding to it, a PMI survey showed a growth in the country’s vast factory sector as new exports orders decreased which showed a sign of delay in the recovery of the economy.