BEIJING: China’s export growth slumped in April to its lowest level in almost two years, customs data showed Monday, as a Covid resurgence shuttered factories, sparked transport curbs and caused congestion at key ports.
The data shows the extent of growing damage to the world’s second largest economy as millions are confined to their homes — particularly in key business hub Shanghai — to stamp out its worst Covid resurgence since the early days of the pandemic.
Beijing has persisted with a strict zero-Covid policy involving lockdowns and mass testing, but the economic costs are mounting as manufacturing hubs and supply…
