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China trade shrinks amid weakening demand, interest rate hikes

Por: Portland Press Herald Business December 08, 2022

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  Residents wait in line for their routine COVID-19 throat swabs near tricycle carts loaded with goods in Beijing on Wednesday. Andy Wong/Associated Press BEIJING — China’s imports and exports shrank in November under pressure from weakening global demand and anti-virus controls at home. Exports sank 9% from a year ago to $296.1 billion, worsening from October’s 0.9% decline, customs data showed Wednesday. Imports fell 10.9% to $226.2... + full article



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