Reports reveal that China 's trade with the rest of the world has declined sharply for October , compared to a decade earlier , with the export of raw materials hit the hardest ; imports fell 18.8 % YoY , a slight improvement from September 's 20.4 % , and exports fell 6.9 % in mainland YoY. ANZ 's Liu Li - gang predicted that China 's export sector " will continue to face significant challenges " , whilst most of China 's decline in imports is a result of lower commodity prices .
Reports reveal that China's trade with the rest of the world has fallen sharply for October, compared to a year earlier, with the importing of raw materials hit the hardest; imports fell 18.8% YoY, a slight improvement from September's 20.4%, and exports fell 6.9% in October YoY. ANZ's Liu Li-gang says that China's export sector "will continue to face significant headwinds", whilst most of China's decline in imports is a result of lower commodity prices.