China’s imports and exports showed signs of growth in April after contracting in the previous months. This growth signals an improvement in demand at home and overseas as Beijing faces several challenges in an effort to support the country’s shaky economy. 

The data reveals that a well-calibrated mix of policy support measures implemented over the past few months has been instrumental in bolstering the fragile investor and consumer confidence, showcasing the government’s proactive stance. 

Shipment from the country grew 1.5% year-on-year last month by value after the numbers fell 7.5% YoY during March. Imports from the company increased by 8.4% YoY during April, overturning the 1.9% YoY fall in March. 

Huang Zichun, China economist at Capital Economics, said, “Export values returned to growth from contraction last month, but this was mainly due to a lower base for comparison.”

When we factor in the changes in export prices and account for seasonality, the export volumes have remained relatively stable, showing a marginal change from March.

Beijing has set an economic growth target of around 5% for the current calendar year. 

The chinese exports had faced a tough time last year due to the growing interest rates weighed on overseas demand. Furthermore, the Federal Reserve and other developed nations are showing no immediate actions to cut borrowing costs.