Chinese Exports Decrease By 3.2% While Imports Decline By 8.5%

China’s exports and imports shrank this year following the trade war and a decline in global trade.

The trade war has affected China’s economic growth with its economy now stagnant and slowly declining.

China is now  bleeding with a trade surplus of $39.65 billion, the customs administration said Monday.

Chinese economists however had predicted that exports would drop 2.8% while imports would shrink by 6% in 2019 for the super power.

Economists had a sigh of relief however after USa Chinese officials came to a “phase one” agreement on trade meeting that pauses U.S. tariff increases in exchange for increased Chinese purchases of agricultural goods.

Gold prices have gone done since the meeting with the US Federal Reserve set to release it’s monetary report this month.

 

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