China's March exports and imports shrink, miss forecasts by big margins

Loss of confidence in Saint Mary's leadership | SaltWireBEIJING - China's March exports contracted sharply, while imports also unexpectedly shrank, both undershooting market forecasts by big margins, customs data showed on Friday, highlighting the tough task facing policymakers as they try to bolster a shaky economic recovery.

Analysts warn Western concerns over China's overcapacity in some industries may bring more trade barriers for the world's manufacturing hub. China's economy got off to a relatively solid start this year after policymakers rolled out support measures to revive household consumption, private investment and market confidence since the second half of 2023.

The economy likely grew 4.6% in the first quarter from a year earlier - the slowest in a year despite signs of stabilisation, another Reuters poll showed on Thursday, maintaining pressure on policymakers to unveil more stimulus measures.

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