BEIJING—China’s exports fell in October for the fourth consecutive month, as a once-powerful engine of the country’s growth continued to sputter in the face of weak global demand. The world’s appetite for goods from China—the world’s second-largest economy accounts for nearly one-fifth of global factory exports—has been lower than expected this year. Meanwhile, weak domestic demand continues to reduce imports. Both are contributing to China’s growth slowdown. “The mix of the data is again not encouraging,” said Commerzbank...
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% Liu Li-gang, a slight improvement from September's 20.4%, and exports fell 6.9% in October Liu Li-gang. ANZ's YoY 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.