China’s imports jump 8.4% in April, exceeding expectations as purchases from the U.S. grow

Chinese imports from the U.S., European Union and Russia rose last month, despite a drop in exports to all three, according to CNBC calculations of official data. Worldwide, China’s exports rose by 1.5% year-on-year in April in U.S. dollar terms, while imports climbed by 8.4%, the data showed. Exports were expected to have grown by 1.5% year-on-year, and imports up by 4.8% from a year ago, according to a Reuters poll. In March, exports and imports both fell