CHINA's exports fell 15 per cent year on year in March after a 20 per cent fall in imports for the first two months of 2015, reported London's Financial Times.
Citing China Customs figures, first quarter export growth slowed to 4.7 per cent from a year earlier, and 8.6 per cent on the previous quarter.
The decline has prompted expectations of further government stimulus. "China's government will continue to ease domestic conditions, with a further cut in interest rates imminent," said Bloomberg Asia economist Tom Orlik.
The yuan's strength was one factor in March's 19.1 per cent on-year decline in exports to the European Union and 24.8 per cent drop to Japan, said Reuters.
In a sign that domestic demand was also tepid, imports into the world's second-biggest economy shrank 12.7 per cent last month from a year ago. By volume, coal imports plunged more than 40 per cent in January-March.
MARKETS
14 April 2015 - 18:40
China March exports fall 15pc, after 20pc two-month import drop
CHINA's exports fell 15 per cent year on year in March after a 20 per cent fall in imports for the first two months of 2015, reported London's Financial Times.
MARKETS
14 April 2015 - 18:40
China March exports fall 15pc, after 20pc two-month import drop
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