China’s imports, exports both worse than expected in September

FILE – In this Dec. 5, 2018, file photo, residents pass by the entrance to the “Hotan City apparel employment training base” where Hetian Taida Apparel Co. has a factory in Hotan in western China’s Xinjiang region. The Trump administration on Tuesday, Oct. 1, 2019, announced it is stopping imports of clothing, gold, diamonds and other items believed to have been produced with forced labor by companies based in Brazil, China and Malaysia as well as some gold mined in eastern Congo and diamonds from a region in Zimbabwe. Hetian Taida Apparel Co., Ltd. in Xinjiang, is one of the companies sanctioned. (AP Photo/Ng Han Guan, File)
INTERNATIONAL – China’s exports and imports shrank more than expected in September, as existing U.S. tariffs and the ongoing slowdown in global trade combined to undercut demand.
Exports decreased 3.2 percent in dollar terms from a year earlier while imports declined 8.5 percent, leaving a trade surplus of $39.65 billion, the customs administration said Monday. 
Economists had forecast that exports would drop 2.8 percent while imports would shrink by 6 percent.

Source: iol.co.za