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China exports decline 1pc in August against a 3.3% increase in July

17/09/2019

EXPORTS from China fell in August as an intensifying trade dispute with the US took a heavier than expected toll on the country’s manufacturing sector, reports London's the Financial Times.

China's exports decreased one per cent last month compared with a year earlier, according to the customs administration. The decline compares with a 3.3 per cent rise in exports year on year in July.

Goldman Sachs had forecast that there would be a two per cent increase in exports in August because it expected buyers of Chinese goods to "front-load" orders before a new round of US tariffs kicked in on September 1. The decline in exports was accompanied by a 5.6 per cent drop in imports in August, unchanged from July.

Source : shippingazette.com