May 11, 2021
China saw a rise in both imports and exports that outpaced even expectations in the month of April. Despite the pandemic surging in parts around the globe, Chinese demand was strong and exports grew 32.3% in terms of the dollar from the previous year and imports also grew 43.1%. Exports beat economists’ expectations by nearly 50%. The Biden stimulus package helped as the U.S. made up 15.9% of Chinese goods exported. Strong commodity prices were the driving factor behind the growth in imports. These figures point to China’s manufacturing industry still dominating both global and domestic markets. Manufacturing has been the predominant force in the recovery and the service sector has dragged by comparison.
(Beijing)
FINSUM + Magnifi: Favorable news on imports and exports in April is a good start for China. China has already had record economic growth and should be drawing many investor eyes.
Other news today: Munis are Red Hot, Will They Stay That Way? and Goldman Says Crypto is the Key to Stock Market Outperformance
{{cta(‘031ca73e-408c-41ef-9886-bfe7cd5553d7’)}}
Magnifi is changing the way we shop for investments, with the world’s first semantic search engine for finance that helps users discover, compare and buy investment products such as ETFs, mutual funds and stocks. As of May 2021, 350,000+ users with $500+ Billion in Assets Under Influence, have used Magnifi over 2,000,000 times. Try it for yourself today.
This blog is sponsored by Magnifi. The information and data are as of the publish date unless otherwise noted and subject to change. This material is provided for informational purposes only and should not be construed as individualized investment advice or an offer or solicitation to buy or sell securities tailored to your needs. This information covers investment and market activity, industry or sector trends, or other broad-based economic or market conditions and should not be construed as investment research or advice. Investors are urged to consult with their financial advisors before buying or selling any securities. Although certain information has been obtained from sources believed to be reliable, we do not guarantee its accuracy, completeness or fairness. Past performance is no guarantee of future results. This content may not be reproduced or distributed to any person in whole or in part without the prior written consent of Magnifi. [As a technology company, Magnifi provides access to tools and will be compensated for providing such access. Magnifi does not provide brokerage or custody services.]
