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QTEC - China's COVID Lockdowns Slam U.S.-China Trade In April 2022
First Trust NASDAQ-100 Technology Sector Index Fd
The Chinese government's execution of its zero-COVID policy has slammed trade between the U.S. and China.
China's exports to the U.S. fell below the level of recent months, but still recorded double-digit year-over-year growth as progress is being made in reducing the backlog of Chinese goods waiting to be unloaded in U.S. ports.
The continued lifting of COVID lockdowns in China should boost growth into June 2022.