China Export Slowdown Coincides With Reported Pressure on Maersk, MSC Over Panama Ports [Yahoo! Finance]
CK HUTCH HLD LTD UNSP/ADR (CKHUY)
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Source: Yahoo! Finance
The sourcing superpower's exports totaled $321 billion during the month, according to China 's General Administration of Customs. The export growth marks a six-month low for China, with elevated energy prices stemming from the war in Iran likely weighing on foreign demand for goods. More from WWD Anta Sports: Sporting Goods in China Remains a Challenge Riding on the Laopu Gold Rush, Its Competitors Now Flood Chinese Malls Antwerp Oil Spill Adds to Pressure on Congested European Ports Outbound shipments to the U.S. declining 26.5 percent to $29.4 billion, widening from an 11 percent annual decline in January and February. This was likely due to the heavy front-loading of goods from China last March ahead of the Liberation Day tariff announcement. The global export figures missed Reuters-polled analysts' median estimates for 8.6 percent growth, and represent a significant slowdown from the combined 21.8 percent surge in the first two months of the year. Imports grew by 27
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News
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