• China Imports and Exports Fall, Hurting Global Markets

    5 monthes ago - By Fortune

    It's been a bad day for China, with news that its international trade fell even as economists expected it to grow, according to Reuters. Markets are reacting in kind.
    Experts had expected year-over-year exports from China to increase by 3%. Instead, they were down by 4.4%. And imports, which were supposed to rise by 5%, bell by 7.6%.
    The double blow was a combination of U.S. tariffs slowing product demand in the U.S., as alternative sources of products became financially attractive, and a drop in demand for products elsewhere.
    Ironically, there's more bad news in China's 2018 trade surplus...
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