Business Standard
China's exports rose 14.1% in April from a year earlier, the government said Saturday, despite the Iran war and lingering impacts from higher US tariffs. The data were released just days ahead of a planned meeting next week between US President Donald Trump and Chinese leader Xi Jinping in Beijing. That beat analysts' estimates and was a significant improvement from March's 2.5% year-on-year expansion. Imports climbed 25.3%, slower than the 27.8% growth in March but still robust. The Trump-Xi summit comes at a time when relations are beset by multiple issues, with efforts to end the war in Iran eclipsing the usual sources of friction. "We're expecting that overall external demand will remain a solid driver of growth this year," said Lynn Song, chief economist for Greater China at Dutch bank ING, likely led by China's exports of semiconductors and autos. In March, Chinese leaders set an annual economic growth target of 4.5% to 5%, slightly lower than last year's 5% expansion and t
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