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Covid-19: China exports continue to fall; worst is yet to come, say experts

China's exports fell 6.6 per cent in March from a year earlier and imports dropped 0.9 per cent, according to the Customs data

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Asian markets posted gains on Tuesday as better than expected Chinese trade data suggested a rebound from the economic devastation wrought by the coronavirus pandemic

Agencies
China's foreign trade fell again in March, even as businesses returned to work after a lockdown in the aftermatch of the coronavirus outbreak, with the pandemic weighing on the outlook of the manufacturing powerhouse.

China's exports fell 6.6 per cent in March from a year earlier and imports dropped 0.9 per cent, according to Customs data released  on Tuesday. The contraction was less than a Bloomberg economist forecast that had predicted a decline of 10 per cent or more in both figures, and well below the 17.2 per cent plunge seen in exports in the first two months of the year.