China's exports remain resilient as global demand recover

Both exports and imports fall short of forecasts as surplus widens

Exports rose 8% from a year earlier compared with 16.4% in March, the General Administration of Customs said Monday.

China's trade surplus with the world rose to $38.05 billion from $23.9 billion in March. "They're looking at.probably 6 percent growth this year and because these trade data numbers will vary from month to month, I don't think you have to be too surprised", he told CNBC at the sidelines of the IIF Spring Membership Meeting in Tokyo.

"China's crude imports will stay at a relatively high level, mostly because of China's rather weak domestic output and strong fuel demand", Tian Miao, a Beijing-based analyst at North Square Blue Oak Ltd., said before the data release.

While China's economy grew faster than expected in the first quarter, policymakers have moved to reduce financial risks in the economy and stamp out speculative activity in the property market.

China's imports and exports are expected to stabilise and improve in the near future, the Ministry of Commerce said last week in its quarterly report on trends in the country's foreign trade.

Imports climbed 11.9 per cent to $142 billion, falling from 20.3 per cent growth the previous month.

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Even at a reduced pace, however, exports are expected to contribute to growth in the world's second-largest economy this year as demand for technology products expands in the USA and Europe.

The trade surplus in yuan was 262.3 billion. The surplus widened from 164.3 billion yuan seen in March.

China's large surplus with the US has been a focus of President Donald Trump, who pressed Chinese President Xi Jinping to help reduce the gap.

Last month, Trump launched a trade probe against China and other exporters of cheap steel into the US market. China has reported its exports expanded for a.

But the "pipeline of electronic products in the global supply chain is still likely to keep China's export outlook stable through 2017", Wang said in a note.

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