Update November 8, 2015

Dhaka 10-32 am, 15-August, 2020

China imports fall

Sumel Sarker

cargo-ship

China imports fall

08 November 2015, Nirapad News: China’s imports fell by nearly a tenth in October from a year ago, official data showed Sunday, underlining battered domestic demand in the world’s second-largest economy where downward pressures on economic growth persist.

A key driver of world growth and the planet’s biggest trader in goods, the slowdown in China’s economic expansion has sent jitters across global stock markets and taken a great toll on resource-rich countries for whom the Asian country is a crucial client.

Imports fell 9.8 per cent to $130.77 billion, the 12th consecutive monthly drop in imports, following a 20.4 decrease in September.

Exports, too, continued their losing streak from July, dropping by 6.4 percent year-on-year in October to $192.41 billion as foreign demand languished, according to figures from the General Administration of Customs.

The decrease in exports was larger than a median forecast of a 3.2 percent decline in a Bloomberg News survey of economists.

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