China’s trade balance rebounded strongly in April as exports surged and imports came in lower than expected, according to figures released by Beijing on Tuesday.
The trade surplus hit $11.4bn in April, far larger than most analysts expected and well above the surplus of $140m in March.
China recorded its first quarterly trade deficit in seven years in the January to March period but the unexpectedly large surplus in April will increase international pressure on Beijing to allow faster appreciation of its tightly controlled currency, the renminbi.
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