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