China trade weakens after cities shut down to fight virus


PTI, May 9, 2022, 10:08 AM IST

China’s export growth tumbled in April after Shanghai and other industrial cities were shut down to fight virus outbreaks.

Exports rose 3.7 per cent over a year earlier to USD 273.6 billion, down sharply from March’s 15.7 per cent growth, customs data showed Monday. Reflecting weak Chinese demand, imports crept up 0.7 per cent to USD 222.5 billion, in line with the previous month’s equally weak growth below 1 per cent.

The data confirmed fears the ruling Communist Party’s “zero-tolerance” strategy that shut most businesses in Shanghai and other industrial centers would depress trade and activity in autos, electronics and other industries.

Exports to the United States rose 9.5 per cent to USD 46 billion despite persisting tariff hikes in a fight over Beijing’s technology ambitions. Imports of American goods increased 0.9 per cent to USD 13.8 billion.

China’s global trade surplus widened by 19.4 per cent to USD 51.1 billion while the politically volatile surplus with the United States contracted by 65 per cent to USD 9.8 billion.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

CM Siddaramaiah promises efforts to include Kannada label on products made in Karnataka

“Chinnara Banna-2024” held successfully in Bantwal

Kharge getting personal on PM’s political observations on Karnataka surprising: BJP MP

India trashes Canada’s allegations against Amit Shah as ‘absurd and baseless’

K’taka CM Siddaramaiah orders withdrawal of notices to farmers over Waqf land disputes

Rohit Bal: The Valley boy who strode to great heights in fashion

Jaishankar to visit Australia, Singapore from Nov 3-8

Related Articles More

Trump pits Americans against one another, US deserves better: Kamala Harris

Will end economic disaster of Kamala Harris, launch brand new Trump economic miracle: Donald Trump

‘Kamala, you are fired’, thunders Trump as race for White House remained razor-tight

‘Kamala, you are fired’: Donald Trump at Wisconsin rally

At least 64 people die in devastating flash floods in eastern Spain, officials say

MUST WATCH

Gho Pooja in Deepavali Festival

Melukote Deepavali

Ganapathi Co-operative Society Ltd

Udayavani Chinnara Banna 2024

Annapoorna Aahar | Food Places In Mysore


Latest Additions

CM Siddaramaiah promises efforts to include Kannada label on products made in Karnataka

“Chinnara Banna-2024” held successfully in Bantwal

Kharge getting personal on PM’s political observations on Karnataka surprising: BJP MP

India trashes Canada’s allegations against Amit Shah as ‘absurd and baseless’

K’taka CM Siddaramaiah orders withdrawal of notices to farmers over Waqf land disputes

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.