Categories: Market

Exports fell: China’s foreign trade continues to fall

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China’s foreign trade fell again in August. The second-largest economy’s exports fell 8.8 percent year-on-year, according to the customs office in Beijing on Thursday. (icon image)

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

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