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China trade weakens after cities shut down to fight virus
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In this photo released by Xinhua News Agency, a container ship from Japan is anchored at the container dock of Shanghai's Yangshan Port in east China on April 27, 2022. China's export growth tumbled in April after Shanghai and other industrial cities were shut down to fight virus outbreaks. - photo by Chen Jianli/Xinhua via AP
BEIJING (AP) — China’s export growth tumbled in April as global demand weakened, adding to pressure on the world’s second-largest economy after Shanghai and other industrial cities were shut down to fight virus outbreaks. Exports rose 3.7% over a year earlier to $273.6 billion, down sharply from March’s 15.7% growth, customs data showed Monday. Reflecting weak Chinese demand, imports crept up 0.7% to $222.5 billion, in line with the previous month’s growth below 1%.