Caixin (May 8) reported that China’s goods exports unexpectedly rose in April, breaking a three-month decline and boosted by a surge in shipments of medical supplies to countries fighting the coronavirus pandemic. But the slump in imports deepened, reflecting a decline in global commodity prices and weak demand from manufacturers for parts. It said data released by China's General Administration of Customs revealed that exports grew 3.5% year-on-year to $200.3 billion last month, reversing a 6.6% drop in March. The increase exceeded the median forecast for a 13.7% decline in a Caixin survey of economists. Imports of goods plunged 14.2% year-on-year to $154.9 billion, far steeper than the 0.9% decline the previous month and worse than the median forecast for a 10% drop in the Caixin survey. The trade surplus widened to $45.3 billion in April from $13.1 billion in the same period last year.

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