China’s imports surge in March as exports soften amid Hormuz blockade
•China’s export growth softened in March as disruptions in the Strait of Hormuz drove up transport costs and energy prices, a trend which also led imports to rise considerably.
•Exports rose 2.5 per cent year on year to US$321.03 billion in March, according to data released by China’s General Administration of Customs on Tuesday.
•The reading fell short of the 4 per cent growth forecast by economists polled by the financial data provider Wind.
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