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April Export Volume in China Drops by 1.8%, Defying Forecasts

© AP Photo / Ng Han Guan, FileChinese man stands near a screen displaying the Chinese national flag
Chinese man stands near a screen displaying the Chinese national flag - Sputnik International
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Export volume in China fell by 1.8 percent this month, lower than forecast.

BEIJING (Sputnik) – Export volume in China fell by 1.8 percent this month to $172.7 billion, lower than forecast, the General Customs Administration of China data published Sunday indicated.

Analysts initially expected April exports to fall by 0.1 percent.

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Imports dropped by 10.9 percent to $127.2 billion this month, more than double than the 5-percent forecast, according to customs data.

China’s total foreign trade totalled $299.9 billion, with a trade surplus of $45.56 billion.

Year-on-year, exports in March climbed by 11.5 percent against more conservative growth estimates, while imports fell by 7.6 percent.

China’s total trade fell in 2015 as the yuan lost value and the country’s economic growth slowed down to the lowest rate in over 25 years, prompting the national government to announce economic reforms.

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