Chinese trade balance data for September released on Thursday, October 13th, have fueled concerns on the outlook for the world economy. Exports fell by 5.6% y/y and imports increased by 2.2% y/y. The data were worse than expected by consensus, which estimated exports to rise by 2.5% and imports by 5.5%. With the Yuan fallen against the US Dollar, exports fell by 10% and imports by 1.9% when measured in US Dollars.
The decline of exports (continue reading…)