China's economy
has been sparked, by figures showing exports and imports fell more than
expected last month. Export has dropped by 1.8% in comparison with April last
year, according to official data.
Economists
had expected exports in April to fall by just 0.1%, after a surprise 11.5% rise
in March.
China's
exports to the United States slid by 9.3% in April, but those to the European
Union increased by 3.2%.
Economic
growth slowed to 6.7% in the first three months of this year. That was the
weakest figure since the financial crisis, but activity picked up in March as
government measures to kickstart growth, including six interest rate cuts since
late 2014, seemed to help.
China’s economy slowed from July to September 2015
Beijing has
said it will take steps to boost exports, including encouraging banks to
increase lending and raise tax rebates for some companies.
China
increased its share of world exports from 12.3% to 13.8% last year, meaning
that its export sector remained competitive despite higher costs.
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