China’s exports likely picked up pace in April on Iran war stockpiling: Reuters Poll

BEIJING, May 8 (Reuters) – China’s export growth likely quickened in April, a Reuters poll showed on Friday, as companies rushed to stockpile components from the manufacturing powerhouse amid fears the Iran war could push input costs even higher. Outbound shipments are expected to have grown 7.9% year-on-year in U.S. dollar terms, according to the median forecast of 22 economists, up from the 2.5% increase recorded in March. The data will be released on Saturday. Chinese exporters have so far weathered the fallout from the Middle East conflict, buoyed by overseas buyers scrambling to secure supplies, but economists warn that…