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China slowdown continues as imports fall

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The release of Chinese trade figures this week showed a nearly 18 percent fall in renminbi terms for imports in the year to September and a decline in exports. In dollar terms, the decline in imports comprised of raw materials and components destined for Chinese factories was even greater. They were down by more than 20 percent for the year.

Exports fell by 3.7 percent compared to a year earlier in dollar terms following a 5.5 percent drop in August, reflecting a general trend across the region with Taiwan and South Korea both experiencing a fall.

Following the trade figures, all eyes will be on the figures for gross domestic product due to be released on Monday, with most analysts predicting that they will show real growth below the official target for the full year of “around 7 percent.”