China’s Exports Decline at Fastest Pace in Three Years, Prompting Calls for Stimulus Measures

China’s Exports Decline at Fastest Pace in Three Years, Prompting Calls for Stimulus Measures.

China’s exports sector experienced a significant contraction last month, recording its sharpest decline since the onset of the COVID-19 pandemic three years ago.

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However, exports to Russia have experienced a notable increase, albeit at a modest level.

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The Chinese yuan weakened against the dollar following the release of the export data.

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