China's March exports grow despite virus; imports flat
ABC News
China’s exports rose 15.7% in March over a year earlier while imports were flat due to disruptions from coronavirus outbreaks
BEIJING -- China’s exports rose 15.7% over a year ago in March while imports were flat amid disruption due to coronavirus outbreaks as the ruling Communist Party enforces a “zero-COVID” strategy to isolate every case.
Exports rose to $276.1 billion despite anti-virus controls in Shanghai and other industrial centers that are causing factories to reduce production, customs data showed Wednesday. Imports rose less than 1% to $228.7 billion.
China’s infection numbers are relatively low, but the “zero-COVID” strategy has confined most of Shanghai’s 25 million people to their homes since late March and suspended access to other manufacturing centers.
The anti-virus curbs have prompted fears global trade might be disrupted. Chinese officials say they are taking steps to keep ports functioning, but automakers and other factories have cut production due to supply disruptions.