Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

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.

http://www.startribune.com/china-trade-shrinks-in-latest-sign-of-economic-weakness/325545721/

 

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