China reported a decline in exports and imports in April, a reversal of figures the previous month that indicated a tentative revival in both external and domestic demand.
Data published on Sunday by the General Administration of Customs showed that exports fell 1.8 per cent year on year in US dollar terms. That exceeded a consensus estimate by Trading Economics of a 0.1 per cent drop, and came after an 11.5 per cent surge in March.
Imports in April slid 10.9 per cent from the same month last year, more than double the consensus forecast for a 5 per cent drop and deepening the previous month’s 7.6 per cent decline.
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