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ECONOMY

China Posts First Trade Deficit in Three Years

By Fran Wang and Pan Che
A truck transports containers to be shipped abroad from a truck on a wharf at the Port of Qingdao in Qingdao, Shandong province, on Aug. 8. China had its first trade deficit in three years last month. Photo: IC
A truck transports containers to be shipped abroad from a truck on a wharf at the Port of Qingdao in Qingdao, Shandong province, on Aug. 8. China had its first trade deficit in three years last month. Photo: IC

(Beijing) — China recorded its first trade deficit in three years last month as imports surged on soaring commodity prices while exports declined, likely adding uncertainty to the country’s growth prospects.

The surprisingly robust rebound in imports may prove short-lived, while the disappointing performance of exports suggested that foreign demand remained slack, with rising anti-globalization led by U.S. President Donald Trump casting a pall on the outlook of Chinese overseas shipments, analysts said.

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