China April exports, imports fall in dollar terms in sign of weakness

China's exports slumped nearly two percent in April compared to the same month last year, as imports fell nearly 11 percent, officials said Sunday, the latest sign of weakness in the world's second largest economy. The key export sector has shown year-on-year declines in dollar-terms for nine of the last 10 months as the country's economic growth has fallen to its slowest level in a quarter-century. Sunday's figures from the state statistics bureau suggest an unexpected March export increase may have been a blip, and that meeting ambitious economic growth targets will be a challenge.

Continue reading...