China’s trade seen faltering in April as COVID curbs hit output
China’s export growth is expected to have slowed to a crawl in April as strict COVID-19 curbs hit production while imports likely extended declines, creating heavy headwinds for the world’s second-largest economy in the second quarter.
The trade sector, which accounts for about a third of gross domestic product and employed 180 million people in 2020, is losing momentum as widening anti-virus curbs ensnared supply chains.
Exports likely grew 3.2% from a year earlier, according to a median forecast in a Reuters poll of 18 economists, slowing sharply from a 14.7% gain in March. The forecast is the slowest growth since June 2020…
To read more: https://www.reuters.com/world/china/chinas-trade-seen-faltering-april-covid-curbs-hit-output-2022-05-06/