| Chinese imports plunged by more than a fifth last month, official figures showed Tuesday, as slowing growth in the world's second-largest economy wreaks havoc on global commodities prices and the country's own customers.
The Asian giant is the world's leading trader in goods but flagging expansion has seen the resources it uses -- such as iron ore and crude oil -- fall sharply in value, hitting producer countries, for example Australia. September imports sank 20.4 percent to $145.2 billion in dollar terms, the customs department said -- worse than forecast in a survey of economists by Bloomberg News...............................................Full Article: Source
|