China’s Export Engine Loses Steam, Adding to Growth Concern

China’s exports unexpectedly slumped the most in more than a year in March, eroding the outlook for one of the economy’s better performing areas in recent months.

Overseas shipments fell 14.6 percent from a year earlier in yuan value, the customs administration said in Beijing on Monday. That compared with the median estimate for an 8.2 percent rise in a Bloomberg News survey of analysts. Imports slid 12.3 percent, leaving a trade surplus of 18.16 billion yuan ($3 billion).