( ) -q-22- UNDATED (Correspondent Jeremy House) “billion in July.” Chinese exports and imports both fell in August. [CutID: <Cuts> CHINA-EXPORTS-IMPORTS-house-q-THUam.mp3 Time: 22s Title: CHINA-EXPORTS-IMPORTS-house-q-THUam Out-cue: billion in July] TAG: Correspondent Jeremy House reporting. China’s trade has been slowing for two years, sapped by a weakening global economy and by a lackluster recovery from the […]
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China’s exports and imports fall in August as weak global demand keeps its economy under pressure
( ) -q-22- UNDATED (Correspondent Jeremy House) “billion in July.”
Chinese exports and imports both fell in August.
[CutID: <Cuts> CHINA-EXPORTS-IMPORTS-house-q-THUam.mp3
Time: 22s
Title: CHINA-EXPORTS-IMPORTS-house-q-THUam
Out-cue: billion in July]
TAG: Correspondent Jeremy House reporting. China’s trade has been slowing for two years, sapped by a weakening global economy and by a lackluster recovery from the COVID-19 pandemic. But the declines in August were less severe than in July. China’s exports to the U.S. fell 17% in August from a year earlier, while exports to Southeast Asia dropped 13%.
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VERBATIM: The drops reflect tepid global demand that is adding to pressures on China’s slowing economy. Customs data showed exports for August slumped 8.8% from a year earlier, while imports slid 7.3%. The total trade surplus for the world’s No. 2 economy shrank to $68.4 billion from $80.6 billion in July.