Global Economic News

China Exports Rise Less Than Forecast; Imports Surge

China exports growth eased sharply and imports surged the most in more than four years in March, reflecting disruptions in global supply chains caused by the Strait of Hormuz blockade.

Exports increased 2.5 percent year-on-year in March, slower than the 21.8 percent increase in the first two months of the year, the General Administration of Customs reported Tuesday. The figure fell substantially short of the 8.3 percent growth forecast.

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by Renju Jaya

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