Chinese exports slump further, dragged down by weak demand
Chinese foreign trade declined again in August, continuing a trend of falling exports every month since April.
Exports from the second-largest economy fell by 8.8 per cent year-on-year in August, the customs authority in Beijing announced on Thursday.
According to official data, imports also fell again compared to August last year, down 7.3 per cent. However, analysts had expected even greater losses.
The outlook for the Chinese economy was becoming increasingly gloomy as a strong start to the year lost momentum.
The Chinese economy is suffering from weak global demand, a struggling real estate market and persistently weak domestic consumption.
(dpa/NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Rights
UNICEF urges child rights protection during internal security operations
UNICEF said children encountered during military operations should be treated primarily as victims requiring protection rather than as security threats.
States
Kebbi govt resolves 1,496 marriage disputes, treats 20,000 mental health patients in three years
Mr Aliyu said the ministry’s vision was to promote religious development through partnership, collaboration, and peaceful coexistence among residents.
NationWide
NANS gives South African businesses four-day ultimatum to leave Nigeria
“The reason for this action is simple: South Africans cannot continue to oppress and chase our people from their country and expect their businesses to thrive on our soil,” he said.
States
Five drown in Kano, three saved from fire outbreak
The agency’s director, Sani Anas, disclosed this on Monday in Kano.
States
Dutse residents seek govt support after rainstorm damaged homes
On Monday, some residents described the rainstorms as among the most destructive they had experienced recently.
States
Tinubu support group pays school fees for 570 vulnerable students in Benue
He said the implementation of the education intervention was being carried out in batches, with the first phase covering Benue, Nasarawa, Taraba, Kogi and Kaduna states.
