China trade tanks again

Friday 8 May 2015

China has released its April trade numbers and it’s more bad news with exports down 6.4% versus 1.6% expected , imports down 16.2% versus 12.2% expected:

Leading to a trade surplus of $39.6bn:

There is really very little to support the contention that there is a current Chinese rebound of any strength. Markets hardly moved, however, as the hope of more stimulus took precedence.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.