China’s international merchandise trade activity fell by just 5.0% year over year in April, including a surprising 3.2% increase in exports. The latter included a 4.1% rise in shipments to the ASEAN region and a 2.2% increase in exports to the U.S. At the product line though the increase in exports was largely down to electronics, plastics and textiles. A 49.9% surge in exports of computers reflects COVID-19 related work-from-home demand globally with the $6.37 billion of export growth in computer exports compared to a year earlier representing 92% of the value of the growth in total Chi...
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