China’s exports surge as shipments to Southeast Asian countries offset plunge in U.S. trade
CNBC reports: China’s exports surged in April on the back of a jump in shipments to Southeast Asian countries, offsetting a sharp drop in outbound goods to the U.S. as prohibitive tariffs kicked in. Exports jumped 8.1% last month in U.S. dollar terms from a year earlier, according to data released by customs authority on Friday, sharply beating Reuters’ poll estimates of a 1.9% rise. Imports slumped by just 0.2% in April from a year earlier, compared with economists’ expectations…