China's exports, imports set to post double-digit declines in April: Report

China's exports and imports are expected to record double-digit declines in April after a tentative recovery in March as the coronavirus pandemic batters global demand and disrupts manufacturing supply chains, a Reuters poll showed on Wednesday.

The pessimistic projections reinforce concerns that the collapse in global demand will restrain the recovery in the world's second-biggest economy as it gets back on its feet after weeks of paralysis due to the virus outbreak.

Shipments out of China are likely to have fallen 15.7 per cent in April from a year earlier, according to a median estimate from the survey of 28 economists, far