China foreign trade dips as pandemic drags outlook

Exports fall 6.6% in March from a year earlier while imports drop 0.9%. FMTNews China

BEIJING: China’s foreign trade fell again in March even as businesses returned to work after the coronavirus outbreak, with the global pandemic weighing on the manufacturing powerhouse’s outlook.

But analysts warned that a broader recovery would be hamstrung for as long as the viral pandemic ravaged China’s trading partners. January’s phase one trade deal between Washington and Beijing had seen “good growth momentum” in some commodities imports from the US such as soybeans and pork, said customs official Li Kuiwen.“We have noted that the global Covid-19 spread is still accelerating, causing a serious impact on the world’s economic development,” he told reporters on Tuesday.

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