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Monday, July 26, 2021
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China trade surges as global demand recovers from pandemic

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BEIJING (AP) – China’s exports surged 32.3% over a year earlier in April as global consumer demand strengthened, while imports rose 43.1%.

Exports rose to $263.9 billion, in line with the previous month’s growth but down from the explosive 60.6% rise in the first two months of 2021, customs data showed Friday. Imports increased to 43.1%, accelerating from March’s 38.1% expansion.

Exporters have benefited from the relatively early reopening of China’s economy and demand for Chinese-produced masks and other medical supplies while some governments are re-imposing anti-virus curbs that limit business and trade.

Traders are watching for signs of what President Joe Biden might do about reviving tariff war talks with Beijing.

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