China’s exports continued drop in March as virus spread

People wearing face masks walk across a street at Beijing's Financial Street during rush hour on Monday (April 13). China's Ministry of Education has issued a guideline, suspending the resumption of major sports events and mass gatherings on campus amid the Covid-19 outbreak, to ensure the safety and health of teachers and students. - Reuters

CHINA'S exports in yuan terms fell less than forecast in March, as the coronavirus pandemic hurt both global demand and China’s ability to produce and ship goods. Imports increased.

Exports declined 3.5% in yuan terms in March from a year earlier, while imports rose 2.4%, the customs administration said Tuesday. Economists had forecast that exports would decline by 12.8% while imports would shrink by 7%.