China trade improves in April but imports subduedBy AP News May 08, 2014 12:01PM UTC
BEIJING (AP) — China’s trade rebounded in April after contracting in the previous month but imports remained subdued in another sign of the country’s economic slowdown.
Customs data Thursday showed exports rose 0.9 percent, recovering from March’s unexpected 6.6 percent contraction. Imports rose 0.8 percent, up from the previous month’s 11.3 percent decline.
Chinese export industries have been hurt by weak global demand. That forced communist leaders to launch mini-stimulus efforts to avert politically risky job losses.
Weakness in imports reflects slowing Chinese economic growth, which declined to 7.4 percent in the first quarter of year.