China's exports unexpectedly fell in August as shipments to the United Stat...
BEIJING - China’s exports unexpectedly fell in August as shipments to the United States slowed sharply, pointing to further weakness in the world’s second-largest economy and underlining a pressing need for more stimulus as the Sino-U.S. trade war escalates.
August exports fell 1% from a year earlier, the biggest fall since June, when it fell 1.3%, customs data showed on Sunday. Analysts had expected a 2.0% rise in a Reuters poll after July’s 3.3% gain. Among its major trade partners, China’s August exports to the United States fell 16% year-on-year, slowing sharply from a decline of 6.5% in July. Imports from America slumped 22.4%.
Sunday’s data also showed China’s imports shrank for the fourth consecutive month since April. Imports dropped 5.6% on-year in August, slightly less than an expected 6.0% fall and unchanged from July’s 5.6% decline.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hiring likely slowed in August as the US-China trade war ragedThe record 107th month of job gains was unlikely to temper investor hopes that the Federal Reserve would lower interest rates again later this month.
Read more »
China August exports unexpectedly shrink, imports remain weakChina's exports unexpectedly fell 1% in August from a year earlier, customs...
Read more »
China August copper imports, aluminum exports fall as slowdown bitesChina's unwrought copper imports fell in August after a bounce in the previ...
Read more »
China August exports unexpectedly shrink, imports remain weakChina's exports unexpectedly fell 1% in August from a year earlier, customs...
Read more »
China August soybean imports jump nearly 10% as cargoes arrive after delayChina's soybean imports in August jumped 9.7% from the previous month to hi...
Read more »
China's August exports unexpectedly shrink, imports remain weakChina's exports unexpectedly fell in August while imports shrank for a four...
Read more »