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China Imports and Exports Fall, Hurting Global Markets

2 days ago   |   By

It's been a bad day for China, with news that its international trade fell even as economists expected it to grow, according to Reuters. Markets are reacting in kind.
Experts had expected year-over-year exports from China to increase by 3%. Instead, they were down by 4.4%. And imports, which were supposed to rise by 5%, bell by 7.6%.
The double blow was a combination of U.S. tariffs slowing product demand in the U.S., as alternative sources of products became financially attractive, and a drop in demand for products elsewhere.
Ironically, there's more bad news in China's 2018 trade surplus...
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China's trade data drags stock futures ahead of Citi results

2 days ago   |   By

U.S. stock futures dropped on Monday, after data showed China's exports unexpectedly shrank the most in two years, raising fears of a sharper slowdown in global economic growth and its impact on corporate profits.
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Virginia coal exports rose in 2018, but future uncertain

2 days ago   |   By

The three coal terminals in Virginia's Hampton Roads region saw double-digit increases in exports last year, but a global economy that shows signs of slowing worries some analysts. The Virginian-Pilot...
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China's exports shrink most in two years, raising risks to global economy

2 days ago   |   By

China's exports unexpectedly fell the most in two years in December, while imports also contracted, pointing to further weakness in the world's second-largest economy in 2019 and deteriorating global demand.
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