China’s imports, exports will see greater pressure in Q4

Nov, 17, 2022 Posted by Gabriel Malheiros

Week 202246

China’s imports and exports will face greater pressure in the fourth quarter, due to insufficient external demand, commerce ministry spokesperson Shu Jueting told a news conference on Thursday, Nov 11.

The world’s second-biggest economy saw an unexpected contraction in exports and imports in October, the first simultaneous slump since May 2020, as a perfect storm of COVID-19 curbs at home and global recession risks dented demand and further darkened the outlook for the struggling economy.

Source: Nasdaq

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