China's imports, exports plunge in warning sign for economy | Business and Economy
Exports shrink 9.9 percent year-on-year in December, while imports decline 8.7 percent.
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Exports shrink 9.9 percent year-on-year in December, while imports decline 8.7 percent.
Earnings of China's major industrial firms shrank in the first 10 months, putting pressure on policymakers to step up policy support for sectors hurt by COVID-19 outbreaks and weak factory-gate prices.
China's economy rose by a faster-than-expected 3.9 percent year-on-year in the third quarter, pointing to a steady recovery aided by existing policy support.
The Chinese economy will continue to remain on a steady recovery path with supportive government measures gradually taking effect, China's top economic regulator said on Monday.
BEIJING (AP) — President Xi Jinping, China’s most influential figure in decades, gets a chance to install more allies who share his vision of an even