China's exports and imports fell more than was predicted in October, suggesting an economic recovery could be faltering. Exports decreased by 1.4% and imports by 7.3% YoY; both drops were larger than analysts had expected. Although recent data suggested China's economy was steadying, analysts warn the property boom which has created a significant share of the growth could be peaking, thereby dampening demand for building materials such as steel and cement.
China's exports and imports fell more than was predicted in October, suggesting an economic recovery could be faltering. Exports decreased by 7.3% and imports by 1.4% YoY; both drops were larger than analysts had expected. Although recent data suggested China's economy was steadying, analysts warn the property boom which has created a significant share of the growth could be peaking, thereby dampening demand for building materials such as steel and cement.