[Truman]

China reported a larger than expected trade surplus for April, though imports decreased more than expected.

China’s April trade surplus $90.21 bln (expected surplus of $71.60 bln; last surplus of $88.19 bln). April Imports -7.9% yr/yr (expected -5.0%; last -1.4%) and Exports 8.5% yr/yr (expected 8.0%; last 14.8%)