China bounced back to a trade surplus in April, reflecting the underlying strength of the world's third largest economy and a pick-up in the US, official data released today show.
The Asian nation posted a surplus of $1.68 billion in April, state Xinhua news agency said, quoting customs authorities.
Although it was down 87% from a year ago, the figure marked a turnaround from March, when China recorded a deficit of $7.2 billion, its first in six years.
Exports totalled $119.92 billion in April, up 30.5% from the same month a year earlier, Xinhua said. Imports gained 49.7% year-on-year to $118.24 billion.
Analysts said the trade data highlighted the recovery in the US economy and robust growth in China - a blistering 11.9% in the first quarter.
