China’s Trade Slows as Demand Drops and Covid Lockdowns Hit Supply Chains
SINGAPORE—China’s trade with the rest of the world withered in April as Covid-19 lockdowns shut factories and crippled supply chains, adding to signs of a broad slowdown in the world’s second-largest economy. The pullback also reflects softening foreign demand as high inflation eats into consumer spending in the U.S. and Europe, economists say, underscoring the wider loss of momentum in a global economy grappling with rising interest rates and Russia’s invasion of Ukraine.
SINGAPORE—China’s trade with the rest of the…