Foreign sales of China recovered more than had been forecasted in April following a sudden slump in March, which implies that demand globally is staying quite brisk, and it also aids in softening the blow to the economy from the trade conflict with the U.S.
April’s imports rose exceeding expectations as well, meaning that the country’s home demand is remaining high, positive signal for officials aiming to alleviate the aftereffects of trade shocks.
Upbeat figures of last month were largely seasonal and the global export rebound, perhaps, have reached its peak, a number of economists believe.
Julian Evans-Pritchard of Capital Economics wrote that shipments seem to be robust, however, today’s report shows that foreign demand is sliding lately. Current China-U.S. talks are taking place at the time when global expansion is at its higher limit and therefore China’s exports fall, he also wrote.
Last month’s exports of China added 12.9% compared to a year ago, surpassing experts’ projections of a 6.3% hike and bouncing back from March’s 2.7% slump, which is regarded by analysts as a figure strongly skewed by seasonal factors.