Chinese trade surprisingly grew in April

As imports increased 0.9% on year after falling 6.6% in March and imports rose 0.8% following a drop of 11.3%. The trade surplus more than doubled to $18.45B from $7.71B and topped forecasts of $13.90B. The readings are in contrast to other data which indicate that China's economy has been slowing and come after a 2.8% fall in the yuan vs the dollar this year.