Financial Digest

China exports fall amid trade war

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BEIJING China's exports unexpectedly fell in August while imports shrank for a fourth month, pointing to further weakness in the world's second-largest economy and underlining a pressing need for more stimulus as the Sino-US trade war escalates. Beijing is widely expected...

Many analysts expect export growth to slow further in coming months, as evidenced by worsening export orders in official and private factory surveys. More US tariff measures will take effect on Oct 1 and Dec 15.Imports dropped 5.6 per cent on-year in August, slightly less than an expected 6 per cent fall and unchanged from July's 5.6 per cent decline.

China reported a trade surplus of US$34.84 billion last month, compared with a US$45.06 billion surplus in July. Analysts had forecast a surplus of US$43 billion for last month.

 

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China exports unexpectedly shrink in August, imports remain weakBEIJING (REUTERS) - China's exports unexpectedly fell in August while imports shrank for a fourth month, pointing to further weakness in the world's second-largest economy and underlining a pressing need for more stimulus as the US-China trade war escalates.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »