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China's exports down 6.4 percent in April
(MENAFN) Official data showed that China's exports fell unexpectedly in April as imports posted their sixth straight monthly decrease, with analysts calling for more stimuli to bolster economy, Arab News reported.
The country's exports dropped 6.4 percent year-on-year in April to USD176.3 billion, the customs authority said, well below the median forecast of a 0.9 percent rise in a Bloomberg News poll of economists.
The fall was accompanied by a 16.2 percent drop in imports to USD142.2 billion. The export and import figures for April showed a trade surplus of USD34.1 billion, compared with USD18.5 billion a year ago.
The country's exports dropped 6.4 percent year-on-year in April to USD176.3 billion, the customs authority said, well below the median forecast of a 0.9 percent rise in a Bloomberg News poll of economists.
The fall was accompanied by a 16.2 percent drop in imports to USD142.2 billion. The export and import figures for April showed a trade surplus of USD34.1 billion, compared with USD18.5 billion a year ago.
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