China export growth slows sharply in August: official data

The slowdown in trade comes as global demand for Chinese products weakens with energy prices soaring and the United States facing the threat of recession. (Photo by Jade GAO / AFP)

The slowdown in trade comes as global demand for Chinese products weakens with energy prices soaring and the United States facing the threat of recession. (Photo by Jade GAO / AFP)

For years, Beijing has tried to gaslight the world into believing the South China Sea belongs to them by some divine,…

A diplomatic row between Manila and Beijing deepened on Saturday as more Philippine officials demanded a public apology…

BEIJING (AFP) — Beijing accused United States President Donald Trump of making “fabrications” on Friday, after he said…

The government on Friday filed a protest against state-run publication China Daily’s racist depiction of Filipinos in a…

‘The stone houses are Ivatan in their authorship and environmental intelligence, Austronesian in their deeper cultural…
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 comes as global demand for Chinese products weakens with energy prices soaring and the United States facing the threat of recession.
Sporadic COVID-19 lockdowns around China have also dampened consumer enthusiasm and business confidence, while searing temperatures across large parts of the country this summer prompted power rationing for factories.
China's factory activity shrank for the second month in a row in August, but officials are showing few signs of relaxing strict pandemic curbs, with southwestern megacity Chengdu locking down its 21 million inhabitants last week.