China's export growth slowed to single digits in April, while imports were unchanged as tighter and wider COVID-19 curbs halted factory production, disrupted supply chains and triggered a collapse in domestic demand.
Exports in dollar terms grew 3.9% in April from a year earlier, compared with the 14.7% growth reported in March and slightly beating analysts' forecast of 3.2%. The growth was the slowest since June 2020.
Beijing's efforts to curb the country's largest COVID-19 outbreaks in two years have clogged highways and ports, restricted activity in dozens of cities including the commercial hub of Shanghai and forced companies from Apple supplier Foxconn to automakers Toyota and Volkswagen to suspend some operations.
" the downward economic cycle and COVID hit," Shi said. "Life is already hard enough and it happens we've got a leaky roof as it rains." With the national jobless rate at a near two-year high, authorities have promised more help to shore up confidence and ward off further job losses in a politically sensitive year.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
'Zero-COVID' lockdowns cancel AP exams for students in ChinaThousands of high school students in China are missing Advanced Placement exams that many prepared for to improve their chances of attending college in the West.
Leer más »
U.S. added 428,000 jobs in April despite surging inflationAmerica’s employers added 428,000 jobs in April, extending a streak of solid hiring that has defied punishing inflation, chronic supply shortages, the Russian war against Ukraine and much higher borrowing costs.
Leer más »
China’s April Trade Balance: Mixed data fails to lift the aussieChina's Trade Balance for April, in Yuan terms, came in at CNY325.08 billion versus CNY441.88 expected and CNY300.58 billion last. The exports rose by
Leer más »
Brazil's Amazon deforestation shatters April recordDeforestation in Brazil's Amazon surges to record levels for the month of April, nearly double the area removed in that month last year, preliminary government data shows, alarming environmental campaigners
Leer más »
The Wellness Forecast: 12 New Product Launches We Can’t Stop Talking About in AprilFeaturing Chanel Miller’s Courage Sneaker and Off-White’s new take on self-expression.
Leer más »
US added 428,000 jobs in April despite surging inflationAmerica’s employers added 428,000 jobs in April, extending a streak of solid hiring that has defied punishing inflation, chronic supply shortages, the Russian war against Ukraine and much higher borrowing costs.
Leer más »