China’s overall trade with the world slumped 10.9 per cent in April from a year earlier in the latest sign of the slowdown in what has been the world’s fastest growing major economy for decades.
Chinese exports unexpectedly dropped 6.4 per cent last month year-on-year, while imports plummeted 16.2 per cent, according to customs data released on Friday.
Exports fell 15 per cent in March from a year earlier but most economists had predicted a strong rebound in April and Chinese state media had suggested an improvement in trade last month.
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