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China's October exports fall in new sign of global weakness

8 months 2 weeks 4 days ago Monday, November 07 2016 Nov 7, 2016 November 07, 2016 10:13 PM November 07, 2016 in News
Source: Associated Press
By: APNewsNow
Image from AFP

BEIJING - China's exports fell again in October in a fresh sign of weak global demand. Imports also declined.

Customs data on Tuesday showed exports contracted by 7.3 percent from a year earlier to $178.1 billion, an improvement from September's 10 percent decline. Imports fell 1.4 percent to $129.1 billion, compared with the previous month's 1.9 percent decline.

The export slump has complicated efforts by Chinese leaders to shore up economic growth and reduce reliance on trade and investment.

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