China's Exports Drop, Signaling Economic Challenge

Chinas exports unexpectedly drop in October, signaling potential economic challenge. Despite increased shipments to other nations, a 25% decline in goods sent to the US surprises forecasters. Economists worry about a triple whammy of declining exports, weakened domestic consumption, and a slumping property sector. While a US-China trade deal may boost trade, analysts predict the weakest growth for China this quarter since the end of 2022 lockdowns.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.