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China Exports Drop for Fourth Month, Adding to Signs of Slowing

  • Imports fell 12th straight month, down 16% in yuan terms
  • IHS: "Chinese exports continue to face structural headwinds"
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China’s exports declined for a fourth straight month in October, adding to signs of mounting headwinds facing the world’s second-largest economy.

Overseas shipments dropped 3.6 percent in October in yuan terms, the customs administration said Sunday, compared with a 1.1 percent decline in September. Imports fell for a 12th straight month, declining 16 percent in yuan terms, after a 17.7 percent decrease the prior month. The trade surplus was 393.2 billion yuan ($61.9 billion).