California will be refunded $247 million it paid to a Chinese firm to deliver 200 million N95 respirator masks under a secretive contract which was not disclosed to the public until Wednesday.
From CNN's Laura He in Hong Kong
China's exports ticked up 3.5% in April compared to a year earlier in US dollar terms, according to customs data released by Beijing on Thursday. Last month's boost might have been aided by a backlog of orders that were cleared as factories reopened from coronavirus lockdown measures, according to Julian Evans-Pritchard, senior China economist for Capital Economics. Business was shut down for a significant chunk of the first quarter as the virus forced China's economy to a near-halt.Exporters are"unlikely to be immune from the sharp slowdown in global activity for long,” he said.
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