Weak monthly China trade data points to slower growth ahead
Exports fall in Dec by 4.4% and imports are down 7.6% as ongoing trade war with US takes its toll on global trade
Beijing
CHINA'S exports fell dramatically in December while imports contracted as the ongoing trade war with the United States takes its toll on global trade and fuel worries that the world's second-largest economy is slowing more than expected.
China's exports unexpectedly fell last month by 4.4 per cent, its sharpest monthly drop in two years, while imports fell 7.6 per cent as the trade war drags into its seventh month.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Chinese firms are investing abroad at fastest pace in eight years
Sri Lanka’s economy expected to grow 3% in 2024, central bank says
Yellen says US can bring inflation down without hurting jobs
US dollar briefly falls versus yen after GDP data
US weekly jobless claims unexpectedly fall
US economic growth slows more than expected in Q1