China’s Exports Remained Resilient as Global Demand Recovers

China’s overseas shipments held up in April amid recovering global demand and as the threat of a trade war with the U.S. dissipated.

China’s export outlook has improved on recovering global demand and as the threat of a trade war with its biggest trading partner fizzled. The International Monetary Fund boosted its estimate of global growth this year, brightening the outlook for external demand. Still, both exports and imports missed economists’ estimates, adding to recent evidence that growth may be pulling back after a strong first quarter.