News Snapshot:
China's export growth suffered a sharp slowdown from July and was well short of expectations - Copyright AFP Jade GAO China’s export growth slowed significantly in August, customs authorities said Wednesday, as economic uncertainty is exacerbated by strict Covid-19 lockdowns across the country. Last month, China’s exports expanded 7.1 percent year-on-year, down from 18 percent growth in July, China’s General Administration of Customs said, while imports were up only 0.3 percent, compared with a 2.3 percent rise in July. Analysts surveyed by Bloomberg forecast export growth of 13 percent and a 1.1 percent increase in imports. The slowdown in trade...
