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China Exports, Imports Rise at Slower Pace Than Forecast
China’s exports and imports rose less than estimated in April, adding pressure on the government to ease policies to spur expansion. Overseas shipments rose 4.9 percent from a year earlier, the customs bureau said on its website today. That compares with the 8.5 percent median estimate in a Bloomberg News survey of 33 analysts. Import growth of 0.3 percent trailed forecasts for a 10.9 percent gain. The trade surplus was $18.4 billion, almost double estimates of $9.9 billion. Gains in the yuan against the dollar have ground to a halt this year as the Chinese government argues that the currency is near ... (full story)