World News

China commerce ministry says foreign trade improved in March

BEIJING (Reuters) – China’s commerce ministry said on Thursday that the country’s imports and exports improved in March, without elaborating.

But some foreign trade companies, especially textiles firms, have had existing orders delayed or cancelled and are having difficulties in receiving new orders, said ministry spokesman Gao Feng.

China’s exports fell 17.2% in January-February from the same period a year earlier, customs data showed, marking the steepest fall since February 2019. Imports sank 4% from a year earlier.

(Reporting by Xu Jing, Stella Qiu and Se Young Lee; Editing by Catherine Evans)