HomeNewsWorldChina's March exports shrink 15% y/y in surprise fall

China's March exports shrink 15% y/y in surprise fall

In a sign of soft domestic demand, imports into the world's second-biggest economy also shrunk 12.7 percent last month compared with a year ago, data from the General Administration of Customs showed.

April 13, 2015 / 17:45 IST
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China's export growth contracted 15 percent in March from a year earlier in a surprise drop that will exacerbate concerns about the slackening Chinese economy.

Analysts had expected exports to rise 12 percent in March on a yearly basis.

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In a sign of soft domestic demand, imports into the world's second-biggest economy also shrunk 12.7 percent last month compared with a year ago, data from the General Administration of Customs showed.

That compared with a Reuters poll forecast for a 11.7 percent drop in imports.