Braking Down The News

China’s Trade Slows as Demand Drops and Covid-19 Lockdowns Hit Supply Chains

The weakest export growth in almost two years reflects the impact of inflation on foreign consumers

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SINGAPORE—China’s trade with the rest of the world withered in April under pressure from Covid-19 lockdowns and sagging demand from overseas, signaling the global economy is losing steam as high inflation eats into consumer spending.

The pullback in exports that have helped power China’s growth is compounding worries over a world economy already shaken by war in Ukraine and rising interest rates in the U.S. and Europe.

 

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