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

SINGAPORE — China’s trade with the rest of the world weakened in April as Covid-19 shuttered factories and crippled supply chains, adding to signs of a widespread slowdown in the economy. second largest economy in the world.

The drop also reflects easing foreign demand as high inflation eats into consumer spending in the US and Europe, economists said, highlighting a loss of dynamics broader forces in the global economy are grappling with rising interest rates and Russia’s invasion of Ukraine.

https://www.wsj.com/articles/chinas-trade-slows-as-demand-drops-and-covid-lockdowns-hit-supply-chains-11652088372?mod=pls_whats_news_us_business_f China’s Trade Slows as Demand Drops and Covid Lockdowns Hit Supply Chains

Edmund DeMarche

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