China's Trade Shows Economic Recovery Tested by Global Slowdown
- Exports dropped 2.7% in April while imports expanded by 4%
- "There is real risk of double dip in growth": Nomura economist
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An unexpected fall in China’s exports and an equally unforeseen rise in imports show that the world’s second-largest economy continues a tentative recovery while global demand weakens and trade tensions re-escalate.
Exports dropped 2.7 percent in April versus a forecast 3 percent increase, while imports expanded by 4 percent compared to a projected slip, the customs administration said Wednesday.