Economics

Recovery in Chinese Trade Far From Sight as Global Outlook Dims

  • China expected to report double-digit falls in March trade
  • WTO’s optimistic scenario sees a 13% drop in 2020 trade volume
Shipping containers next to gantry cranes at the Yangshan Deep Water Port in Shanghai on Feb. 4.Photographer: Qilai Shen/Bloomberg
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The contraction in China’s foreign trade is set to continue through the second quarter, as global demand remains depressed by measures to curb the ongoing coronavirus outbreak.