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China's Import Growth Slowed in April

  • As per reports the import growth in China slowed faster than what was expected in April. Inbound shipments of commodities including iron ore and copper weakened.

    The official data showed on Monday, the imports in China in April rose to 11.9%.

    As the economy grew faster than expected in the first quarter of the year, policymakers have moved to lessen risks in the financial system and stamp out tentative activity in the property market.

    Exports of electronics and machinery products have seen an increase of 2% year-on-year in April.