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China exports rise in March, rebounding from slump

China exports rise in March, rebounding from slump”

Imports fell by 7.6% in March compared to a year earlier, worse than City economists' forecasts for the volume of goods bought from overseas to grow by 0.2%.

Economists had expected the imports to rise to 0.2 percent. But they say even if that happens, this year's Chinese exports will be lackluster.

The IMF trimmed its global growth forecast this week to 3.3 percent for this year, while slightly boosting its forecast for China to 6.3 percent, in part because the Sino-US trade dispute did not escalate as much as expected.

The trade surplus rose to $32.64 billion in March from $4.08 billion in February. This was above forecasts of US$7.05 billion.

Analysts said the trade standoff between the United States and China was a likely factor behind the slowdown.

However, analysts caution it is hard to compare trends in China's data at the start of the year due to the Chinese New Year holiday, which came in early February this year and can affect business activity.

However, the import data will be a cause for concern in Beijing, coming a day after new inflation data showed a spike in consumer prices.

International Desk: China's exports rebounded in March but imports shrank for a fourth straight month and at a sharper pace, painting a mixed picture of the economy as trade talks with the United States reach their endgame.

Arrivals of copper concentrate, or partially processed copper ore, were 1.77 million tonnes last month, according to the General Administration of Customs data.

China's exports rebounded last month, but imports shrank for a fourth straight month and at a sharper pace, painting a mixed picture of the economy as trade talks with the USA reach their endgame.

China's exports rebounded from a contraction in March and sales to the United States grew strongly despite President Donald Trump's tariff hikes. This was one of the major barriers to a deal between the world's two biggest economies. "We expect these to stay in the low single digits, as preliminary indicators remain weak", he wrote.

China's gross domestic product (GDP) growth data for the first quarter of 2019 will be released on April 17, which should offer real evidence of how the trade war has affected the economy.

Soy bean imports to China fell by more than 14% this year - a product on which Beijing slapped 25% tariffs for imports from the USA after President Donald Trump put U.S. tariffs on Chinese goods. Beijing's recent stimulus moves and a better outlook for a US-China trade deal spurred the change.



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