China’s exports drop by 8.8% in August as trade slump persists

News Snapshot:

Cargo ships dock at the Longtan Container Terminal of Nanjing Port to load and unload containers in Nanjing, Jiangsu province, China, Sept 6, 2023. BEIJING — China reported Thursday another monthly decline in imports and exports, albeit less steep than expected. Exports in U.S. dollar terms fell by 8.8% in August from a year ago. That's better than the 9.2% drop forecast by a Reuters poll. Imports in U.S. dollar terms fell by 7.3% in August from a year ago, better than the 9% decline forecast by Reuters. Imports have now fallen every month in 2023 so far from the...