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China trade shrinks amid virus pressure, interest rate hikes

Por: ABC News World December 07, 2022

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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 billion, down from the previous month’s 0.7% retreat in a sign of a deepening Chinese economic slowdown.The country’s global trade surplus narrowed by 2.5%... + full article



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