BEIJING -- Chinese exports rose for the second consecutive month in April, official data showed on Monday, boosted by improving global demand, but at a slower pace than in the previous month. Exports were up 8.0 percent year-on-year to US$180 billion, while imports were up 11.9 percent at US$142 billion. "Growth in exports shows robust global demand," Xia Le, a Hong Kong-based economist at Banco Bilbao Vizcaya Argentaria SA, told Bloomberg News. The latest data suggests a "softening momentum in China's export growth" in the second quarter, according to Betty Wang, an economist at Australia and New Zealand Banking Group. "Commodity prices, China's iron ore inventory pile-up, and credit tightening may weigh on China's import outlook in the near term," Wang said.

Source: The China Post May 08, 2017 06:11 UTC