March 27, 2023

China’s trade is slowing down and its central bank needs to be careful

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By Rachel Butt from Business Insider It looks like the tide is turning in China. China’s trade data was weak in July, with lower-than-expected export and import growth at -4.4% and -12.5%, respectively.  The country’s reduced appetite for commodities drove down imports growth, while labor-intensive goods (i.e. industries such as agriculture and electronics) were a main drag on exports, according to a note by a […]