Economy

China’s trade with the U.S. and Australia grew in April despite tensions

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Containers sit at the Yangshan Port in Shanghai, China, Aug. 6, 2019.

Aly Song | Reuters

BEIJING — China’s exports surged more than expected in April as global demand for Chinese goods remained elevated amid countries’ varying stages of dealing with the coronavirus pandemic.

U.S. dollar-denominated exports rose 32.3% in April from a year ago, China’s customs agency said Friday. That beat an estimate of 24.1% growth from analysts polled by Reuters.

Imports rose 43.1% in U.S. dollar terms, also topping expectations of 42.5% growth, based on a Reuters poll.

Exports were boosted by demand for electronics and high-tech products, while China bought more integrated circuits amid U.S. sanctions and…



Source cnbc.com

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