China’s Exports Fall Again as Pressure Mounts for Policy Support

China’s Exports Fall Again as Pressure Mounts for Policy Support
Cargo containers are stacked at Yantian port in Shenzhen, in China's southern Guangdong Province, on June 22, 2021. STR/AFP via Getty Images
Indrajit Basu
Updated:
0:00

China’s exports fell for the fourth consecutive month in August, but the trade downturn eased slightly. Experts say China’s trade is set to worsen further this year, making policy support crucial for a turnaround rather than a revival in global demand or a rebound in domestic activity.

Exports fell 8.8 percent year-on-year in August, the fourth consecutive month of loss, but topping Reuters poll predictions of a 9.49 percent drop and July’s record of minus 14.5 percent.