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Shanghai lockdown depresses China trade growth to 2-year low

Monthly increase of trade volume retreats to virtual standstill

BEIJING -- China's trade has slowed to levels not seen since the height of the pandemic nearly two years ago due to fallout from COVID-related lockdowns imposed on Shanghai and other cities.

The value of exports and imports in dollars rose just 2.1% in April compared to a year earlier, according to data released Monday by China's General Administration of Customs. The last time the reading was so low was in June 2020. Trade volume had grown 7.5% in March.

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