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As China's economy slows, Japanese exports take a hit

Cars, chips and other goods suffer biggest decline in 7 years in April

Containers are stacked at an industrial port in Tokyo.   © Reuters

TOKYO -- The slowdown in China's economy caused by lockdowns in Shanghai and other cities sent Japanese exports to the country falling 22.6% by volume on the year in April, preliminary data released Thursday shows, the largest drop since February 2015.

Japan's Finance Ministry said its export volume index for China dropped to 110.9, with the 2015 level set at 100. This slide was the second consecutive month of decline in that index, and larger than the 13% dip in March.

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