China exports, imports sink in August in latest sign of weakness in No. 2 economy
HONG KONG — Chinese exports and imports contracted in August in the latest sign of weakness for the world's second-biggest economy.
Customs data posted online Tuesday showed that shipments of goods last month shrank 5.5 percent in dollar terms compared with a year earlier while imports tumbled by 13.8 percent.
Julian Evans-Pritchard of Capital Economics predicted that trade growth would improve over the next few months because August's figures were hit by disruption from a massive explosion at the busy Tianjin port and government enforced factory shutdowns in the run-up to a huge military parade in Beijing last week.