China’s trade contracted again in January and February as U.S. and European demand weakened in the face of interest rate hikes, adding to pressure on official efforts to revive economic growth following the end of anti-virus controls.
Exports sank 6.8% from a year earlier to $506.3 billion, an improvement over December’s 10.1% decline, customs data showed Tuesday. Imports fell 10.2% to $389.4 billion, deepening December’s 7.3% contraction.