China reported an unexpected contraction in exports in March, raising the danger of job losses as Beijing tries to overhaul its slowing economy.
Trade data Thursday showed exports fell 6.6 percent from a year earlier, well below analysts' expectations of growth in low single digits. Imports contracted by 11.3 percent, highlighting the weakness in Chinese growth.
China's leaders are counting on relatively strong export growth this year to help support employment while they try to build up domestic consumption and reduce reliance on investment in factories and infrastructure. Unexpectedly weak exports could undermine those efforts.
In a sign of official concern about job losses, the Chinese leadership launched a mini-stimulus last month based on higher spending on construction of railways, low-cost housing and other projects.
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