Reports Of The Death Of Chinese Exports Have Been Greatly Exaggerated
Source: SeekingAlpha
2025-05-09 05:30:00 ET
Summary
- Chinese exports bucked expectations of a sharper slowdown in April, rising 8.1% year-on-year.
- This, despite a -21% YoY drop in exports to the US, showing efforts to pivot to other markets are paying off.
- Imports remained in contraction in April, with a -0.2% YoY read.
By Lynn Song
Stronger-than-forecast trade data across the board in April
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China's exports comfortably beat market expectations in April, rising 8.1% year-on-year. Though down from 12.4% YoY in March, the reading was well above consensus forecasts for 2.0%. This can't be explained away through base effects. Month-on-month growth was also positive at 0.6%. This growth rate actually led to the year-to-date export growth actually rising further to 6.4% YoY, up from 5.8% in the first quarter....
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Reports Of The Death Of Chinese Exports Have Been Greatly Exaggerated
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