China’s Exports And Imports Fell In March As Economy Struggles

In a rare development, China’s exports and imports each declined in March as the country’s economy continues to struggle.Customs data shows that China’s exports declined 7.5% in March from a year earlier, while its imports fell 1.9%. China, which is the world’s second biggest economy after the U.S., reported a trade surplus of $58.55 billion U.S. for March. The export and import declines come as China’s economy struggles with a slowdown that has been prompted, in large part, by a crisis in the country’s property sector. China’s government has set a target of 5% economic growth for…