May 11, 2021

China saw a rise in both imports and exports that outpaced even expectations in the month of April. Despite the pandemic surging in parts around the globe, Chinese demand was strong and exports grew 32.3% in terms of the dollar from the previous year and imports also grew 43.1%. Exports beat economists’ expectations by nearly 50%. The Biden stimulus package helped as the U.S. made up 15.9% of Chinese goods exported. Strong commodity prices were the driving factor behind the growth in imports. These figures point to China’s manufacturing industry still dominating both global and domestic markets. Manufacturing has been the predominant force in the recovery and the service sector has dragged by comparison.


FINSUM + Magnifi: Favorable news on imports and exports in April is a good start for China. China has already had record economic growth and should be drawing many investor eyes.

Other news today: Munis are Red Hot, Will They Stay That Way? and Goldman Says Crypto is the Key to Stock Market Outperformance


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