Exports weaken – imports from Russia rise

China’s export growth has declined as expected. In April, the increase was only 3.9 percent, as the General Administration of Customs announced on Monday. It was the lowest figure since the first Covid year in 2020, up from 14.7 percent in March. However, economists had firmly expected weaker figures following the lockdowns in Shanghai and other economic strongholds (China.Table reported). Significant effects on trade were also expected.