China’s exports rose 2.5 per cent year on year in dollar terms in March and imports hit a monthly record, as turbulence in the Middle East and rising fuel costs weighed on the country’s trade.
The weakening momentum comes as Beijing prepares for renewed trade talks with the US ahead of a planned meeting in mid-May between Presidents Donald Trump and Xi Jinping.
The March export growth figure fell short of a median forecast of 8.6 per cent among analysts surveyed by Bloomberg, and the 21.8 per cent recorded in January and February combined, when China celebrated the lunar new year holiday.
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