China’s economic rebound from the pandemic has slowed in the last few months, dragged down by a property market slump and lackluster consumer spending.
BEIJING — China reported Thursday another monthly decline in imports and exports, albeit less steep than expected.
Exports in U.S. dollar terms fell by 8.8% in August from a year ago. That's better than the 9.2% drop forecast by a Reuters poll. Imports in U.S. dollar terms fell by 7.3% in August from a year ago, better than the 9% decline forecast by Reuters. Imports have now fallen every month in 2023 so far from the year-ago period. Exports have fallen year-on-year for every month since April as global demand for Chinese goods wanes.China's economic rebound from the pandemic has slowed in the last few months, dragged down by a property market slump and lackluster consumer spending.
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.
China’s Trade Balance: Surplus narrows more than expected in AugustChina's Trade Balance for August, in Chinese Yuan terms, came in at CNY488 billion versus CNY575.70 billion previous. more to come ...
Read more »
China's August services activity slows amid sluggish demandChina's services activity expanded at the slowest pace in eight months in August, a private-sector survey showed on Tuesday, as weak demand continued to dog the world's second-largest economy and stimulus failed to meaningfully revive consumption.
Read more »
China service sector activity falls to eight-month low in AugustA private gauge of China's service activities fell to its lowest level in eight months, signaling that the service sector's growth may have lost steam.
Read more »
China's exports, imports likely contracted more slowly in August: Reuters poll By ReutersChina's exports, imports likely contracted more slowly in August: Reuters poll
Read more »
China's services activity falls in August to its lowest level in eight monthsA private survey of business activity in China’s services sector fell to its lowest level in eight months in August, as a flurry of economic stimulus measures seemed unable to reignite consumption demand.
Read more »
Man stabbed in D.C. in August has died, police sayMan stabbed in D..C. in August has died, police say
Read more »