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China’s exports shrank unexpectedly in August, trade with US fell at faster pace

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China’s exports unexpectedly shrank in August, as shipments to the US slowed sharply while imports fell for the fourth consecutive month, indicating further weakness in the world’s second-largest economy amid a prolonged trade war with the United States.

The exports in USD terms fell 1 per cent last month from a year earlier, the biggest drop since June, when it fell 1.3 per cent, showed data released by the customs on Sunday, missing the expectation of . . .

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