China Imports Plunge, Export Growth Slows as Recovery Wanes

(Bloomberg) — Chinese imports plunged and export growth slowed in April as the recovery waned, raising concerns about the country’s ability to bolster the global economy.

Overseas shipments expanded 8.5% from a year earlier to $295 billion, the customs administration said Tuesday in Beijing — slowing from the double-digit gain in March. Imports dropped 7.9% to $205 billion, widely missing the median projection of a 0.2% decline. That left a trade surplus of $90 billion for the month.