China: Imports and Exports of Goods Post Disappointing Gains
Economics / China Economy May 11, 2012 - 07:51 AM GMTBy: Asha_Bangalore
The trade surplus of China increased to $28.1 billion to $22.8 billion in April. However, the growth rate of exports and imports show a setback. Exports grew 4.9% from a year ago in April, down from an 8.9% pace in March. Exports of China rose nearly 21% in 2011 and moved up 14.3% in the fourth quarter of 2011 on a year-to-year basis.
The decelerating trend of exports reflects soft economic conditions among China’s trading partners. Imports of China have screeched to a halt. Imports rose 0.3% from a year ago in April. On a month-to-month basis, imports fell 7.4% in April, which is the third monthly drop in the first four months of the year. Imports posted a nearly 25% increase in 2011. These numbers place expectations of soft landing of the Chinese economy on shaky ground.
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Asha Bangalore is Vice President and Economist at The Northern Trust Company, Chicago. Prior to joining the bank in 1994, she was Consultant to savings and loan institutions and commercial banks at Financial & Economic Strategies Corporation, Chicago.
Copyright © 2012 Asha Bangalore
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