SHANGHAI -- China's trade picture darkened in October with both exports and imports contracting for the first time in more than two years as the global economic slowdown and strict COVID curbs took a toll.
First contraction for monthly imports and exports in over two years
A Chinese container ship is unloaded in Hamburg, Germany. As October exports contracted for the first time since May 2020, one analyst blamed "falling shipments to the EU and the U.S." © Reuters
SHANGHAI -- China's trade picture darkened in October with both exports and imports contracting for the first time in more than two years as the global economic slowdown and strict COVID curbs took a toll.