China's August exports unexpectedly shrink, imports remain weak

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 Sino-U.S. trade war escalates.

On Friday, the central bank cut banks’ reserve requirements for the seventh time since early 2018 to free up more funds for lending, days after a cabinet meeting signaled that more policy loosening may be imminent. Many analysts expect export growth to slow further in coming months, as evidenced by worsening export orders in both official and private factory surveys. More U.S. tariff measures will take effect on Oct. 1 and Dec. 15.

China reported a trade surplus of $34.84 billion last month, compared with a $45.06 billion surplus in July. Analysts had forecast a surplus of $43 billion for August.August saw dramatic escalations in the bitter year-long trade row, with Washington announcing 15% 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.

And what of America. America is suffering so bad that their news outlets don't wanna talk about it so for people to know how the trade war is hitting them badly

China's total trade volume with the US fell 9% to 2.42 trillion yuan ($340 billion) from January to August, accounting for 12% of China's total foreign trade. The US is China's third largest trade partner. China's trade surplus with the US expanded 7.7% to 1.33 trillion yuan.

Please give me a non-china-made iPhone, seriously.

The news in china all reported that exports growth counted by RMB. Haha.

I’d like to see Chinese tariffs at 1000% effectively killing all trade with China. Our workers shouldn’t have to compete with slave labor and no environmental laws. Why support the economy of an evil dictatorship and geopolitical rival?

Really? Didn’t think the tariffs would impact them?

unexpectedly?

The west should boycott trade with China as long as China is menacing freedom of Hong Kong people.

...

cc: TheLastRefuge2

We don't need chicom garbage. Be an American and buy American!

Trump triumph.

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