China’s exports and imports continue to contract, Yuan weakness persists

In August, China reported a fourth consecutive monthly contraction in exports, dropping -8.8% yoy to USD 284.9B. However, the contraction was narrower than market’s expectation of a -9.5% yoy decline and an improvement from July’s -14.5% yoy fall. Imports also shrank by -7.3% yoy to USD 216.5B, beating expectations of -9.4% yoy decline and improving […]

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