BEIJING: China's foreign trade fell again in March even as businesses returned to work after the coronavirus outbreak, with the global pandemic ...
BEIJING: China's foreign trade fell again in March even as businesses returned to work after the coronavirus outbreak, with the global pandemic weighing on the manufacturing powerhouse's outlook.
But analysts warned that a broader recovery would be hamstrung for as long as the viral pandemic ravaged China's trading partners. China's trade surplus with the United States - a key point of contention in the bruising trade war between the world's top two economies - narrowed again in March by 25.3 per cent on-year to US$15.3 billion.January's phase one trade deal between Washington and Beijing had seen"good growth momentum" in some commodities imports from the US such as soybeans and pork, said Customs official Li Kuiwen.
Factory activity data last month had already shown continued weakness in new export orders, he noted.
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