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BEIJING, May 8 (UPI) -- China's April exports grew 14.7 percent year-on-year and imports rose 16.8 percent for a surplus of $18.2 billion, data indicated Wednesday.
April's 14.7 export growth announced by the General Administration of Customs, compared with the 10 percent growth year-on-year growth in March and April's trade surplus was a turnaround from a surprise March deficit of $884 million.
The latest numbers should be welcome to policymakers who have been trying to spur the Chinese economy, whose growth rate slowed to 7.7 percent in the first quarter of this year from 7.9 percent in the same period of last year.
April exports totaled $188.5 billion and imports totaled $179.8 billion, the official Xinhua News Agency reported.
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RAMALLAH, West Bank, May 8 (UPI) --
Palestinians report growing indications of oil in the occupied West Bank, which Israel may be quietly exploiting.
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CANBERRA, Australia, May 9 (UPI) --
Australia will hold defense spending at $100 billion over four years and remains committed to the purchase of the F-35 Joint Strike Fighter.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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