Japanese Media: China Responds to U.S. "Tariff War" with Trade Data
According to a May 11 article published by Japan's Yomiuri Shimbun, China's trade statistics for April show that exports increased by 14.1% year-on-year, reaching $359.4 billion (approximately 5.6 trillion yen), marking the sixth consecutive month of growth. This rise was driven by a recovery in exports to the United States—after a decline over the past year due to the China-U.S. trade war. Imports also rose significantly by 25.3%, reaching $274.6 billion.
Exports to the United States grew by 11.3% to $36.7 billion, marking the first increase in two months. Imports from the United States rose by 9.0% to $13.6 billion, continuing the second consecutive month of growth.
Due to rising global demand for artificial intelligence (AI), China’s semiconductor exports doubled to $31 billion. Car exports also surged by 44.2%.
On the import side, purchases from Russia increased by 39.3%. This rise is attributed to the worsening situation in the Middle East, which has led to de facto blockade of the Strait of Hormuz, prompting greater crude oil imports from Russia.
Exports to Japan rose by 4.0%, while imports from Japan increased by 21.0%.
Original article: toutiao.com/article/1864848394222665/
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