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Story summary
- China’s exports rose 14.1% in April 2026 year-on-year, released before a U.S.–China summit in Beijing.
- Exports to the United States jumped 11.3% year-on-year, reversing a 26.5% March decline.
- China’s trade surplus reached an all-time high of almost $1.2 trillion last year.
- HSBC economists say major export-control breakthroughs are unlikely.
- Capital Economics’ Leah Fahy says China will wait out U.S. pressure despite higher tariffs.
