Salem Radio Network News Wednesday, October 4, 2023


China trade tumbles in May, adding to signs economic recovery is slowing


( ) -q-27- UNDATED (Correspondent Jeremy House) “travel and commerce.”

China’s exports fell 7.5% from a year earlier in May and imports were down 4.5%, adding to signs an economic recovery is slowing.

[CutID: <Cuts> CHINA-TRADE-house-q-WEDam.mp3
Time: 27s
Title: CHINA-TRADE-house-q-WEDam
Out-cue: travel and commerce]

TAG: Correspondent Jeremy House reporting. Retail spending is lower than expected as consumers worry about the economic outlook and possible job losses. Manufacturing activity has been contracting as interest rate hikes in the United States and Europe chill demand for exports.

VERBATIM: Customs data show exports slid to $283.5 billion, reversing from April’s unexpectedly strong 8.5% growth. Imports fell to $217.7 billion, moderating from the previous month’s 7.9% contraction. Trade weakness adds to signs of a slowing of China’s rebound following the lifting in December of anti-virus controls that disrupted travel and commerce.

Editorial Cartoons

View More »

Michael Ramirez
Mon, Sep 25, 2023