BEIJING (Reuters) – China’s imports and exports will face greater pressure in the fourth quarter, due to insufficient external demand, commerce ministry spokesperson Shu Jueting told a news conference on Thursday.
The world’s second-biggest economy saw an unexpected contraction in exports and imports in October, the first simultaneous slump since May 2020, as a perfect storm of COVID-19 curbs at home and global recession risks dented demand and further darkened the outlook for the struggling economy.
(Reporting by Beijing newsroom; Editing by Jacqueline Wong)