China says that its exports rebounded last month, beating most expectations of a sharp decline. However, the drop in the country’s imports accelerated as the coronavirus continues to crush demand.
Data released by the General Administration of Customs shows that April’s exports surpassed $200 billion. This is a 3.5 percent rise from the previous year. Last month’s results reversed the 6.6 percent fall in March, as well as the collapse recorded at the beginning of the year. China’s exports are also much better than some economists polled by various media predicted, with the expected decline varying between 10 and nearly 19 percent.
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