China's exports shrink most in two years, raising risks to global economy

in #china5 years ago

China's exports fell by the most in two years. It also saw a decrease in imports.

This is sparking fears that the world's second largest economy is slowing.

To add to Beijing's woes, China also recorded the largest trade surplus with the United States. This could cause President Donald Trump to take further action with tariffs.

Part of this could be the idea that companies ramped up their shipments ahead of the tariffs. The export data held up firmly throughout 2018. It could see a reduction in 2019.

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