Shock drop in exports as concerns surround the Chinese economy
- 9 years ago
China has announced a 15 percent drop in exports for March.
The figures add to the concerns surrounding Chinese economic growth.
The fall is the worst for the past year and shatters expectations of a 12 percent increase.
A strong yuan has clearly hurt the export market as the demand for Chinese goods tail off.
Imports into China have also suffered with the numbers 12.7 percent down from this time last year.
However, the March fall in imports was in line with forecasts, unlike the shock drop in exports.
The figures add to the concerns surrounding Chinese economic growth.
The fall is the worst for the past year and shatters expectations of a 12 percent increase.
A strong yuan has clearly hurt the export market as the demand for Chinese goods tail off.
Imports into China have also suffered with the numbers 12.7 percent down from this time last year.
However, the March fall in imports was in line with forecasts, unlike the shock drop in exports.