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BEIJING - China's exports likely returned to growth in April after contracting sharply in March, but the expansion is expected to be modest as factory owners wrestle with weak overseas demand and overcapacity that is pushing down their selling prices.
China watchers are struggling to make sense of the mixed data coming out of the world's second-largest economy, which was reflected in the trade poll. A higher base of comparison last year also likely contributed to the export drop, economists said, given that production had jumped last March as many workers recovered from a wave of COVID infections.
China's imports likely increased 4.8% in April, according to the poll, following a 1.9% drop in March.
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