Chinese exports fell for a third successive month in October while imports remained weak as a resolution of the US-China trade war remained out of reach.
Exports dipped 0.9 per cent in US dollar terms, according to China’s General Administration of Customs, coming in below the 3.9 per cent fall forecast in a Reuters poll. Outbound shipments had slipped 3.2 per cent in September.
Imports dropped 6.4 per cent, the sixth consecutive decrease, but a slight improvement on the 8.5 per cent fall a month earlier. Economists had forecast an 8.9 per cent drop.
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