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
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.”
States
Yobe govt. to establish Hisba commission, ICT agency
Mr Buba commended the executive arm of government for coming up with the two important bills.
States
Police arrest 10 suspects over FUOYE student’s death
A statement on Thursday in Ado-Ekiti signed by command public relations officer, DSP Sunday Abutu, appealed to members of the public to be calm.
![Atiku Abubakar [Credit: Punch Newspaper]](https://i1.wp.com/gazettengr.com/wp-content/uploads/WhatsApp-Image-2023-08-03-at-20.23.59.jpg)
NationWide
Atiku heads to Supreme Court, says tribunal verdict bereft of justice
My decision to go to court is anchored in my belief that the court is the sanctuary of justice.
![Umar Damagum [Credit: Ripples Nigeria]](https://i1.wp.com/gazettengr.com/wp-content/uploads/Umar-Damagum.png)
NationWide
Appeal court threw law, facts overboard in presidential election ruling: PDP
As the nation watches with bated breath, the aftermath of the ruling promises to be a pivotal chapter in the country’s political landscape.
States
Kano’s Gov. Yusuf swears in 45 special advisers
Only four women were sworn in as special advisers.
Heading 3
Tinubu admitted to study business admin at Chicago university with 1970 GCE results in physics, chemistry, biology
Previously unreported document raises fresh questions about the Nigerian president’s ever-changing narrative around his educational background.
