Chinese trade with the US surged in the first quarter but fell with Europe, in further evidence of an uneven recovery in the global economy.
The government on Wednesday said first quarter trade with the US rose by 10.8 per cent from a year earlier to $118.2bn. Overall Chinese exports rose 10 per cent in March from same month a year earlier to $182bn.
China is the world’s largest trader of goods, so its trade data are watched closely for signs about the health of the global economy. Speaking in China on Sunday, Christine Lagarde, the International Monetary Fund head, singled out the US in saying that a “substantial portion of the global economy looks better now than it did a year ago”.
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