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This means that exports have been falling steadily since April. According to official information, imports also decreased compared to August last year. So it was minus 7.3 percent.
As a result, foreign trade declined once again. On average, however, analysts were expecting even larger losses. After a good start to the year, the Chinese economy has recently calmed down considerably. Growth fell short of expectations. The Chinese economy is currently suffering from weak global demand, a troubled real estate market and persistently weak domestic consumption. (SDA)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
