Reported about 6 hours ago
China's exports unexpectedly fell by 1.1% in October, marking the first decline in eight months, primarily due to a significant drop in shipments to the US, which saw a decrease of over 25%. While exports to other nations rose 3.1%, this was insufficient to offset the loss, reflecting broader economic challenges characterized by sluggish consumer demand and investment. Economists warn that sustained export weakness could lead to a more pronounced economic slowdown in China as global trade and tariff issues persist.
Source: YAHOO