China’s exports defeated the forecast despite the trade war in March

Beijing: China said on Monday that the export of 12.4 percent increases from year to year last month, beating the expectations as Beijing provoked the navigate growing trade headwind by US President Donald Trump.
Beijing’s general administration said the figure was doubled by an estimated 4.6 percent in the Bloomberg survey, although imports fell 4.3 percent during the same period.
Last month, the top leaders of China set an ambitious annual development target of about five percent, vowen to make domestic demand as their main economic driver.
But its delicate recovery faces the latest crisis from Trump’s trade war, kicking giant tariffs for most Chinese goods this month.
Beijing and Washington have been closed in high-speed games, as Trump launched a global tariff attack that specifically targeted Chinese imports.
Tight-for-tat exchanges have increased the levy on China by 145 percent, and Beijing has installed an anti-retaliation 125 percent band on US imports.
The US side appeared to dial the pressure slightly below on Friday, linging tariff discounts for smartphones, laptops, semiconductors and other electronic products, of which China is a major source.
Beijing said on Monday that the United States was the largest single foreign destination for Chinese shipment in January-March, which was $ 115.6 billion.
“The US reflects the front loading of strong export data business before announcing the US tariff,” said Jhang, president and chief economist of Pinpoint Asset Management, said in a note.
He said, “China’s exports will weaken in the coming months as American tariffs touch the sky,” he said.
“The uncertainty of business policies is very high.”
And the world’s second largest economy continues to struggle with dull consumption and long -term debt crisis in its property sector.
Beijing last year announced aggressive measures to rule the economy, including cutting interest rates, canceling homebuying, canceled loan limit for local governments and support for financial markets.
But last year after a banging market rally, fuel was filled with expectations of a long -awaited “Bazuka excitement”, as optimism, authorities avoided providing a specific figure for bailout or providing a specific person for any vow.