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China’s Imports, Exports Sag
China's central government says the country's imports and exports in April dropped by 10.9% and 1.8%, respectively.
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China's central government says the country's imports and exports in April dropped by 10.9% and 1.8%, respectively. Both year-on-year figures were worse than economists expected.
Last month’s decline in exports reversed a surprising 11.5% increase in March, suggesting the country’s economic health remains weaker in spite of government spending on infrastructure. China’s gross domestic product expanded by 6.7% in January-March, the slowest pace since 2009.
Beijing is encouraging banks to hike lending, thereby aiding export activity. BBC News points out that China improved its share of global exports to 13.8% last year from 12.3% in 2014.
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