BEIJING - China's surplus with the United States widened in April, underlining an imbalance between the economic titans as they struggle to reach an agreement on averting a potentially damaging trade war. Customs data showed the surplus grew 4.2 percent on-year to $22.2 billion last month, with exports rising by a tenth and imports up more than 20 percent. Compared with March, the surplus was up 43.9 percent, though analysts say seasonal factors such as Chinese New Year had dampened exports for the month. "Lingering trade tension and uncertainty will likely negatively affect China's export orders and related business investment," he said, according to Bloomberg News. China's trade with the wider world also continued improve, Tuesday's figures showed, after it posted a rare deficit in March.

Source: Bangkok Post May 08, 2018 07:07 UTC