Economic Buzz: China Exports Recover In April

Chinas exports rebound at a faster than expected pace in April and imports growth accelerated notably, data from General Administration of Customs revealed Tuesday. Exports advanced 12.9 percent year-on-year in April, reversing a 2.7 percent drop in March. At the same time, imports growth accelerated to 21.5 percent from 14.4 percent in the previous month. Imports were expected to rise 16 percent. Consequently, the trade surplus totaled $ 28.8 billion in April, above the expected level of $ 27.75 billion.