China's exports are expected to have rebounded in March after a sharp drop ...
BEIJING - China’s exports are expected to have rebounded in March after a sharp drop in February, while imports likely shrank for a fourth straight month but at a more modest pace, a Reuters poll showed.
But veteran China watchers said the gains may be due more to seasonal factors than a turnaround in lackluster global demand, with shipments likely to jump after long Lunar New Year holidays had dampened business activity in February. China’s Commerce Ministry said recently that both exports and imports had rebounded in the first half of March.
U.S. and Chinese negotiators wrapped up their latest round of trade talks last week and were scheduled to resume discussions this week to try to secure a pact that would end a tit-for-tat tariff battle that has disrupted global supply chains and roiled financial markets. Factory activity surveys had shown an unexpected return to growth last month, suggesting domestic demand was starting to respond to a slew of government economic support measures.
Policymakers have acknowledged the economy is under pressure as multi-year debt and pollution crackdowns have deterred investment, while the U.S.-China trade war is hurting China’s export sector, threatening even more jobs.
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