China’s Exports Contracted Unexpectedly for First Time in 8 Months
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9 Articles
China’s Exports Contracted Unexpectedly for First Time in 8 Months - The Thinking Conservative News
China’s October exports dropped, signaling deeper trouble for the world’s second-largest economy amid weak domestic demand and slowing global trade. The post China’s Exports Contracted Unexpectedly for First Time in 8 Months appeared first on The Thinking Conservative News.
China’s Exports Contracted Unexpectedly for First Time in 8 Months
China’s exports fell in October, according to customs data, adding further strain to the world’s second-largest economy that is already grappling with sluggish domestic demand. Overall sales abroad decreased by 1.1 percent last month from a year earlier, according to data released by the Chinese regime’s General Administration of Customs on Nov. 7. The figure fell short of a 3 percent growth forecast by economists in a Reuters poll and partially…
China exports down in October
From Bloomberg: China’s exports unexpectedly contracted in October as global demand failed to offset the deepening slump in shipments to the US, dealing a blow to an economy already slowing amid sluggish consumer spending and investment at home. Exports fell for the first time in eight months, dropping 1.1% from a year earlier, according to official data released Friday. Shipments to all nations except the US rose 3.1%, not enough to compensate …
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