China’s imports + exports figures disappoint in April, signaling slow economic recovery

China’s imports fell while exports grew at a slower pace from the previous month during April, according to customs data cited by Bloomberg. Exports rose 8.5% y-o-y to settle at USD 295 bn in April — significantly lower than the double-digit annual growth seen in March. Imports, on the other hand, dropped 7.9% y-o-y to USD 205 bn, considerably worse than the 0.2% decline that was forecasted. The latest figures cast doubt on China’s ability to drive growth in the global economy, despite its resurgence, Bloomberg added.