China Trades Rose Less than expected; Large Trade Surplus

Both imports and exports of China soared in April but were below expectations of analysts since domestic and foreign demand as well as the commodity market slumped. Exports climbed by 8.0 percent compared to the previous year, lower the expected 10.4 percent while imports rose 11.9 percent. The overall trade surplus totaled to $38.05 billion for the month, higher than the anticipated $35.50 billion of analysts.  

According to the Ministry of Commerce of China quarterly report last week,  imports and exports will get better this year compared over the past two years. This excessive trade surplus of China has got the attention of the U.S. president Donald Trump who is pushing to lessen the trade gap between both nations.