China’s import growth slowed faster than expected in April, as inbound shipments of commodities such as iron ore and copper weakened, while export growth more than halved, in line with a general cooling in demand for electronic gadgets.
China’s April imports rose 11.9 percent, cooling from March’s 20.3 percent rise, official data showed on Monday, and missing analysts’ expectations for an 18 percent rise.
Exports rose 8.0 percent from a year earlier, slowing from a 16.4 percent rise in the previous month and short of expectations of 10.4 percent.
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