BEIJING - China's exports unexpectedly fell in August while imports shrank for a fourth month, pointing to further weakness in the world's second-largest economy and underlining a pressing need for more stimulus as the US-China trade war escalates.
August exports fell 1 per cent from a year earlier, the biggest fall since June, when it fell 1.3 per cent, customs data showed on Sunday . Analysts had expected a 2.0 per cent rise in a Reuters poll after July's 3.3 per cent gain. Sunday's data also showed China's imports shrank for the fourth consecutive month since April. Imports dropped 5.6 per cent on-year in August, slightly less than an expected 6.0 per cent fall and unchanged from July's 5.6 per cent decline.
TRADE PRESSURE August saw dramatic escalations in the bitter year-long trade row, with Washington announcing 15 per cent tariffs on a wide range of Chinese goods from Sept. 1. Beijing hit back with retaliatory levies, and let its yuan currency fall sharply to offset some of the tariff pressure.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
More than 760 PMD offences detected in August: LTASINGAPORE: A total of 761 offences related to personal mobility devices (PMDs) were detected - with 176 devices impounded - in August, LTA said in ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Increase in number of PMD offences in AugustSINGAPORE - The number of offences related to the use of personal mobility devices rose (PMDs) last month (Aug) even as a slew of initiatives were rolled out to clamp down on their errant use.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
More than 760 PMD offences detected in August: LTASINGAPORE — A total of 761 offences related to personal mobility devices (PMDs) were detected — with 176 devices impounded — in August, LTA said in a Facebook post on Friday (Sept 6).
Source: TODAYonline - 🏆 1. / 99 Read more »
August jobs report points to slowing economy, Fed rate cutU.S. job growth slowed more than expected in August, reflecting the U.S. trade war with China and raising expectations for a Federal Reserve rate ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
HDB resale flat sales down 9.4% in AugustFewer Housing Board resale flats were sold last month than in July, but their prices moved up slightly. In all, 1,921 such flats changed hands, a 9.4 per cent drop from July, real estate portal SRX Property said yesterday, releasing its preliminary figures. When...
Source: thenewpaper - 🏆 7. / 63 Read more »
Brazil deforestation rises in August, adding to Amazon fire worries[BRASILIA/SAO PAULO] Deforestation in Brazil's Amazon rainforest rose for the fourth straight month in August from a year earlier, according to preliminary government data released on Friday, adding to concerns over fires already ravaging the region. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »