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China’s Exports Drop Sharply as Global Economy Slows
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SINGAPORE—China’s exports to the rest of the world shrank unexpectedly in October, a big sign that global trade is in sharp retreat as consumers and businesses cut back spending in response to central banks’ aggressive moves to tame inflation.
Exports from China declined 0.3% last month compared with a year earlier, China’s General Administration of Customs said Monday, the weakest pace of growth since May 2020, when trade was hobbled by countries’ early efforts to contain a worsening global pandemic. That was well below the expectations of economists polled by The Wall Street Journal, who had expected exports to increase 4% year over year.
Read more on wsj.comAbout this in other media
China’s Economy Takes a Deeper Hit as Retail Sales Turn Negative wsj.com /1 year ago
China’s Economy Takes a Deeper Hit as Retail Sales Turn Negative wsj.com /1 year ago
China’s Economy Takes a Deeper Hit as Retail Sales Turn Negative wsj.com /1 year ago
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