Trade
China Imports Plunge, Export Growth Slows as Recovery Wanes
- Imports unexpectedly drop almost 8%, biggest fall since Jan.
- Exports expand 8.5% from a year earlier, slower than March
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Chinese imports plunged and export growth slowed in April as the recovery waned, raising concerns about the country’s ability to boost the global economy.
Overseas shipments expanded 8.5% from a year earlier to $295 billion, the customs administration said Tuesday in Beijing — slowing from the double-digit gain in March. Imports, though, dropped 7.9% to $205 billion, much worse than the median projection of a 0.2% decline. That left a trade surplus of $90 billion for the month.