China posts again trade deficit in April
China reported a $2.26 billion trade deficit in April against a $1 billion trade surplus recorded in the same period of last year as imports increased to feed country's fast growing economy. Imports surged by 42.9% to $49.4 billion in the mentioned period while exports grew by 32.4% to $47.1 billion, according to Ministry of Commerce's data. In Jan-Apr 2004 period, China's trade deficit widened to $10.8 billion from $8.4 billion in the first quarter. Imports rose by 42.4% to $173.5 billion and exports were up by 33.5% to $162.4 billion. However, the growth in import could fall as authorities reign in investments which rose by 43% in the first quarter and has been the main source of nation's overheating economy. As industrial output is expected to slow, exports could also slow down to 20% from the current 30% level.