Exports slump in April
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China’s General Administration of Customs released monthly trade data for April on Monday.
The headlines:
Exports rose 3.9% y/y in dollar terms, down from 14.7% y/y growth in March.
Imports were unchanged y/y, after a 0.1% y/y drop in March.
The trade surplus was USD 51.1 billion, compared with a s...