Chinese exports, imports fall sharply, miss forecasts by large margins

News Snapshot:

The unexpected contraction in China’s March exports and imports, both falling well below market expectations as revealed by customs data on Friday, highlights the significant challenge policymakers face in bolstering the country’s uncertain economic recovery. China’s exports experienced a significant decline in dollar terms in March, attributed partly to weakened demand from markets like Europe and reduced prices for Chinese goods, despite a surge in shipments from the country. Customs data released on Friday underscored the challenging task for policymakers as they strive to strengthen a fragile economic recovery. In March, the value of China’s exports dropped by 7.5 percent...