China Trade Breakdown for August: Uglier Than July

Year-on-year declines in imports increased nearly across the board.
The trade balance is near records because imports from resource exporters is collapsing, while exports to developed economies are down much less, or even up in some cases.

Trade in major commodities such as oil, steel and autos deteriorated. Although still down yoy, the decline in copper and coal improved slightly.

As noted in the prior post, Chinese imports fell 10% from July.

Source: 今年前8个月我国进出口总值15.67万亿元

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