China Exports Drop More Than Expected in Setback to Recovery

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(Bloomberg) — China’s exports declined in March, dealing a blow to hopes that booming sales abroad would offset weak demand at home and drive growth.

Exports shrank 7.5% in dollar terms in March from a year earlier, while imports fell 1.9%, the customs administration said Friday. Both numbers are well below economist forecasts. The trade surplus for the month was almost $59 billion.

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