China’s August export sink 3% amid US trade war; imports up
BEIJING (AP) — China says its exports sank 3% in August amid a tariff war with Washington, while imports rose 1.7%.
The export weakness reported Sunday was a reverse from July’s 12.2% growth.
The customs agency reported China’s global exports for the first eight months of 2019 were off 1% from a year earlier.
Chinese exporters also face pressure from weakening global consumer demand.
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