China's exports tumble 7.5% in March and imports also fall as demand slows
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China's exports contracted 7.5% in March, while imports slipped 1.9%. In the January-February period, exports rose 7.1% year-on-year while imports climbed 3.5%. China posted a trade surplus of $58.55 billion in March. The decline in exports partly reflected a higher base of comparison with March 2023. Weakness in exports would be a further drag on growth. Export volumes are expected to rise more slowly this year, while imports are expected to gain momentum. China has set a target of around 5% for economic growth this year. The latest data belie worries that China might ramp up its exports to help meet its growth target. Exporters have been slashing prices to increase their sales abroad. Consumer prices grew only 0.1% in March while producer prices declined 2.8%, suggesting weakness in demand relative to supply.

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https://abcnews.go.com/International/wireStory/chinas-exports-tumble-75-march-imports-fall-demand-109157985