China Trade Surplus Widens in April

China recorded a better-than-expected surplus of $18.42 billion in April. However, export and import growth slowed notably in April, as the European debt woes and slowing growth in emerging economies hampered demand.

Data from the General Administration of Customs showed that China's exports grew 4.9 percent year-on-year in April and fell 1.5 from the previous month.

Meanwhile, imports rose a mere 0.3 percent from last year, and 5.3 percent from last month.

China Trade Surplus Widens in April, General Administration of Customs
5/10/2012 11:44:27 AM