China Exports Drop More Than Expected in Setback to Recovery

China’s exports slumped in March, dealing a blow to hopes that booming gross sales overseas will offset weak demand at house and drive progress on the planet’s second-largest financial system.

Exports shrank 7.5% in greenback phrases in March from a yr earlier, whereas imports fell 1.9%, the customs administration mentioned Friday. Each numbers got here in effectively beneath economist forecasts. The commerce surplus for the month was nearly $59 billion.