FILE - In this photo released by Xinhua News Agency, containers are unloaded from a cargo ship at Qingdao Port, east China’s Shandong Province on Feb. 11, 2024. China’s exports and imports returned to growth in April, suggesting that demand is improving despite an uneven economic recovery, according to customs data released Thursday, May 9, 2024.
China has introduced various policy support measures in recent months to support growth and boost confidence in the world’s second-largest economy.However, the outlook is not entirely positive given broader global trends, analysts said. Export growth was mainly due to a lower base of comparison in the previous year, Huang said. She said that import volumes were likely to bounce back further in the near future due to “fiscal spending supporting import-heavy construction.”Tensions between Beijing and Washington are the biggest worry for US companies in China, report saysThe 10-nations of the Association of Southeast Asian Nations remained the largest destination for China’s exports, accounting for 16.
“Considering import demand could remain resilient but exports face a higher level of risk in coming months, we expect a smaller contribution from trade to growth starting in the second quarter,” Lynn Song, an economist at ING Economics, said in a commentary.
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