FXI - China trade surplus widens in April bigger-than-expected growth
2023-05-09 01:22:19 ET
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China's trade surplus surged to $90.21 billion in April 2023 from $49.47 billion in the same period a year earlier, easily beating market forecasts of $71.6 billion.
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Exports rose by 8.5% y/y, the second straight month of increase, above market consensus of an 8% growth, while imports unexpectedly fell by 7.9% amid weakening domestic demand.
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Meanwhile, the politically sensitive trade surplus with the United States widened to $29.68 billion in April from $27.6 billion in March.
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ETFs: ( FXI ), ( KWEB ), ( CQQQ ), ( MCHI ), ( ASHR ), ( YINN ), ( TDF ), ( CHIQ ), ( GXC ), ( EWH ), ( KBA ), ( YANG ), ( CXSE ), ( CAF ), ( CWEB ), ( PGJ ), ( KURE ), ( CHIX ), ( CYB ).
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China trade surplus widens in April, bigger-than-expected growth