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China import fall indicates all is not well in the economic powerhouse

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China import fall indicates all is not well in the economic powerhouse

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China saw a boost in exports last month, but a fall in imports indicates a drop in demand in the world’s second-largest economy.

Exports were up 7 percent on last year, as imports dropped 1.6 percent over the same period.

The figures will only exacerbate a growing feeling that all is not well with the Chinese economy.

Authorities predicted the economy would pick up in May.

However Beijing has set a target of 7.5 percent growth for this year.

Chinese exports to the EU rose by some 13.4 percent in the month just gone.