South China Morning Post
International · 2 hrs ago
✦ 78◉ Centre
China trade growth resilient in April despite Hormuz crisis inflating costs
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China's exports grew 14.1% year-on-year in April to $359.44 billion, exceeding forecasts despite elevated energy and shipping costs from the Strait of Hormuz crisis. Import growth reached 25.3% over the same period.
China trade growth resilient in April despite Hormuz crisis inflating costs
China’s export sector showed resilience last month, even as the Strait of Hormuz crisis showed little sign of abating after driving up energy and shipping costs.
The value of China’s exports rose in April by 14.1 per cent, year on year, to US$359.44 billion, according to data released by the General Administration of Customs on Saturday. The reading was above the 6.96 per cent growth forecast compiled by financial data provider Wind.
Meanwhile, the value of imports grew by 25.3 per cent last...
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