CHI­NESE EX­PORTS, IM­PORTS COME IN BE­LOW FORE­CASTS

The Sun (Malaysia) - - SUNBIZ -

BEIJING: China’s ex­ports slid 7.3% year-on-year to US$178.2 bil­lion (RM716.3 bil­lion) in Oc­to­ber, data showed yes­ter­day, as weak global de­mand weighed on the world’s sec­ond-largest econ­omy. The coun­try’s im­ports fell 1.4% to US$129.1 bil­lion dur­ing the same pe­riod, Cus­toms data showed, while the trade sur­plus dropped to US$49.1 bil­lion in the month. It was the sev­enth straight monthly ex­ports de­cline, and both im­ports and ex­ports came in be­low ex­pec­ta­tions, with a sur­vey of econ­o­mists by Bloomberg News fore­cast­ing drops of 6.0% and 1.0% re­spec­tively. – AFP

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