China’s Export Growth Sinks to Early Pandemic Low as Lockdowns Bite

(Bloomberg) — China’s exports and imports struggled in April as worsening Covid outbreaks cut demand, undermined production and disrupted logistics in the world’s second-largest economy.

Export growth in April in dollar terms slowed to 3.9% from a year earlier, compared with an increase in March of 14.7%, customs data showed Monday. That’s the weakest pace since June 2020 but faster than the median estimate of a 2.7% gain in a Bloomberg survey of economists.