Tuesday, May 9, 2023

China Imports Show Signs Of Global Slowing.



  • 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 $295B, the customs administration said Tuesday in Beijing — slowing from the double-digit gain in March.

  • Imports, dropped 7.9% to $205B, much worse than the median projection of a 0.2% decline. That left a trade surplus of $90B for the month.

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