📉 China's exports slow down, but not as much as expected! 🌏
- August exports fell 8.8% YoY to $284.87B, better than July's 14.5% drop
- Imports slid 7.3% YoY to $216.51B, beating 9% decline estimates
- Trade surplus shrank 13.2% to $68.36B, lower than July's $80.6B
🇨🇳 China's economy still under pressure, but leaders are working on it:
- Easing borrowing rules, lowering mortgage rates for first-time buyers
- Tax relief measures for small businesses
- No large-scale stimulus spending or tax cuts announced yet
🇺🇸🇪🇺 Exports to US & EU down, but 🇷🇺 Russia's energy imports up!
What do you think about China's economic situation? Share your thoughts below! 👇