Chinese export slump puts Asia on alert - News Summed Up

Chinese export slump puts Asia on alert


The disappointing figures from China, which also revealed that imports fell into negative territory, caused Asian stock markets to slide. Exports in September fell by 10 per cent on a year earlier in dollar terms, compared with predictions of a 3 per cent fall. Imports shrank 1.9 per cent after rising unexpectedly by 1.5 per cent in August, China’s customs agency said. The trade surplus fell to $41.99 billion in September from $52.05 billion. The import figures “could be an early sign that…


Source: The Times October 13, 2016 07:52 UTC



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