China’s imports of hi-tech products dropped 7.9 per cent in the first nine months of 2019, compared with the same period a year ago. Photo: AFP

China’s sharp drop in imports led by weaker demand for aircraft, soybeans and smartphone screens

  • China's imports fell by 5 per cent in the first nine months of 2019, reflecting disruption to global supply chains amid ongoing US-China trade war
  • Purchases of aircraft plunged 41.6 per cent, while imports of soybeans dropped 7.9 per cent
Topic |   China economy

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China’s imports of hi-tech products dropped 7.9 per cent in the first nine months of 2019, compared with the same period a year ago. Photo: AFP
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As part of an interim trade agreement that has yet to be officially confirmed but which has been discussed voluminously by US President Donald Trump, China is expected to make purchases of US farm goods amounting to tens of billions of US dollars. Photo: EPA

China’s export growth in biggest drop since February, as US trade war continues to hammer economy

  • Both exports and imports fell by more than expected in the world’s second largest economy in September, with US tariffs causing serious issues for China’s trade
  • US President Donald Trump said China agreed last week to resume buying US farm goods as part of a deal that will also delay a tariff increase set for Tuesday
Topic |   China economy

TOP PICKS

As part of an interim trade agreement that has yet to be officially confirmed but which has been discussed voluminously by US President Donald Trump, China is expected to make purchases of US farm goods amounting to tens of billions of US dollars. Photo: EPA
READ FULL ARTICLE