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Economy

China's trade slump eases, but outlook remains grim over pandemic

March exports and imports both decline though by far less than analysts forecast

China's trade data for March was better than expected but analysts warn that a recovery in exports and imports from the effects of the coronavirus will take months to realize.    © Reuters

BEIJING (Reuters) -- China's exports and imports slowed their declines in March after plunging in the previous two months, but a sure-footed recovery in trade was months away as the coronavirus outbreak shuts down many economies and sharply lowers global demand.

Financial markets breathed a sigh of relief after customs data on Tuesday showed overseas shipments fell 6.6% in March year-on-year, improving from a 17.2% slide in January-February, as exporters rushed to clear a backlog of orders after forced government production shutdowns.

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