China’s stocks pared gains after export and import growth trailed economists’ estimates last month.
The Shanghai Composite Index rose 0.1 percent to 2,410.47 at 11:09 a.m. local time, after gaining as much as 0.4 percent earlier. The Hang Seng China Enterprises Index slid 1.1 percent.
China’s exports rose 4.9 percent in April from a year earlier while imports increased 0.3 percent, resulting in a trade surplus of $18.42 billion, the customs bureau said today.
The growth in overseas shipments compares with the 8.5 percent median estimate of 33 analysts in a Bloomberg News survey. Economists forecast import gains of 10.9 percent and a trade surplus of $9.9 billion.
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