China’s Exports Expand at Slower Pace in April, Imports Fall

China’s imports fell 7.9% year-over-year in April, while exports climbed 8.5%, customs statistics released on Tuesday showed. This followed a surprising increase of 14.8% in March.

Economists polled by Reuters predicted an annual increase of 8% in exports and no growth in imports.

Despite the December lifting of stringent COVID restrictions, China’s economy has experienced a sluggish recovery, with a challenging outlook exacerbated by slowing global growth and domestic consumption.