China’s import growth surges
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The April trade data offered distinctly positive signs for China’s economy.
Per Thursday’s data, released by the customs bureau (GAC), in April:
Exports grew 1.5% y/y, up from a 7.5% drop in March
Imports surged 8.4% y/y, much improved from the 1.9% drop the previous month
Year to date, the trade s...