China’s exports remain resilient as global demand recovers [MSN Money]
Banco Bilbao Vizcaya Argentaria S.A. (BBVA)
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Source: MSN Money
© AP Photo/Andy Wong, In this Thursday, Aug. 5, 2010, file photo, containers are loaded onto a cargo ship at the Tianjin port in China. (Bloomberg) -- China’s overseas shipments held up in April amid recovering global demand. Quotes in the article AdChoices Exports rose 8 percent in dollar terms from a year earlier, the customs administration said Monday. Imports increased 11.9 percent, leaving a trade surplus of $38.05 billion. China’s export outlook has improved on recovering global demand and as the threat of a trade war with its biggest trading partner fizzled. The International Monetary Fund boosted its estimate of global growth this year, brightening the outlook for external demand. "Growth in exports shows robust global demand," said Xia Le, a Hong Kong-based economist at Banco Bilbao Vizcaya Argentaria SA. "China’s financial deleveraging has just started, and will weigh on the domestic economy. Imports will reflect th
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