Chinese imports plunged and export growth slowed in April as the recovery waned, raising concerns about the country s ability to boost the global economy.
Chinese exports grew 8.5% in April, customs data showed Tuesday, displaying unexpected strength despite weakening global demand. Exports grew to $295.4 billion compared with a year earlier, although at a slower pace, building on momentum seen in the March data when exports rose 14.8%. But imports shrank at a faster pace, with the total slumping…