High Growth in Imports and Exports: Four Major Expectation Gaps
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Event: On May 9, the General Administration of Customs announced the import and export data for April. Exports (in USD terms) year-on-year were 14.1%, expected 7.1%, previous value 2.5%; imports (in USD terms) year-on-year were 25.3%, expected 14%, previous value 27.8%.
1. Core Viewpoint: The