Posted 4/12/2024, 8:32:00 AM
China's Exports and Imports Fall in March, Underscoring Uneven Recovery
- March exports from China fell 7.5% year-on-year, much more than expected, while imports unexpectedly shrank 1.9%
- In Q1, both exports and imports rose 1.5% from a year earlier
- Falling export prices are weighing on China's nominal GDP growth
- Policymakers face challenges shoring up China's uneven economic recovery amid a property crisis and weak consumption
- Analysts say more policy support is needed to boost growth, which is expected to slow to 4.6% year-on-year in Q1