China's exports in April hit a record high, surging 14.1% year-on-year, far exceeding expectations.

Foreign media: China's exports reached $359.4 billion in April, a year-on-year increase of 14.1%, setting a new monthly record and far exceeding the market expectation of 6.96%; imports rose by 25.3% to $274.62 billion, also surpassing expectations; the trade surplus amounted to $84.82 billion.

Despite the closure of the Strait of Hormuz for over two months due to the U.S.-Israel-Iran conflict, leading to soaring energy and shipping costs, China effectively mitigated the impact of the Middle East crisis thanks to its competitive supply chain.

Economists expect China's exports to maintain double-digit growth in the coming months, with macro policy stance likely to remain unchanged, while recent signs from the real estate market have also turned positive.

Original source: toutiao.com/article/1864694441965575/

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