Read the article given below and identify your key findings from it China's Trade Slows as Demand
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
China's Trade Slows as Demand Drops and Covid-19 Lockdowns Hit Supply Chains The weakest export growth in almost two years reflects the impact of inflation on foreign consumers By Jason Douglas Follow Updated May. 9, 2022 12:36 pm ET SINGAPORE-China's trade with the rest of the world withered in April under pressure from Covid- 19 lockdowns and sagging demand from overseas, signaling the global economy is losing steam as high inflation eats into consumer spending. The pullback in exports that have helped power China's growth is compounding worries over a world economy already shaken by war in Ukraine and rising interest rates in the U.S. and Europe. China's exports rose 3.9% from a year earlier in April, data from China's customs bureau showed Monday, tumbling from 14.7% growth a month earlier. That was the weakest increase in nearly two years and matched a median forecast made by economists polled by The Wall Street Journal. Imports were flat in April from a year earlier, easing from a 0.1% decline in March. That was a better performance than the 3% decline expected by the polled economists. The data come on the heels of disappointing manufacturing figures from Germany and weakening export growth in South Korea and Taiwan, all of which point to a slowdown in world trade and global China's Trade Slows as Demand Drops and Covid-19 Lockdowns Hit Supply Chains The weakest export growth in almost two years reflects the impact of inflation on foreign consumers By Jason Douglas Follow Updated May. 9, 2022 12:36 pm ET SINGAPORE-China's trade with the rest of the world withered in April under pressure from Covid- 19 lockdowns and sagging demand from overseas, signaling the global economy is losing steam as high inflation eats into consumer spending. The pullback in exports that have helped power China's growth is compounding worries over a world economy already shaken by war in Ukraine and rising interest rates in the U.S. and Europe. China's exports rose 3.9% from a year earlier in April, data from China's customs bureau showed Monday, tumbling from 14.7% growth a month earlier. That was the weakest increase in nearly two years and matched a median forecast made by economists polled by The Wall Street Journal. Imports were flat in April from a year earlier, easing from a 0.1% decline in March. That was a better performance than the 3% decline expected by the polled economists. The data come on the heels of disappointing manufacturing figures from Germany and weakening export growth in South Korea and Taiwan, all of which point to a slowdown in world trade and global
Expert Answer:
Answer rating: 100% (QA)
Key Findings from the Article 1 Chinas Trade Slowdown China experienced a significant slowdown in trade with the rest of the world in April The growth ... View the full answer
Related Book For
Financial Management for Public Health and Not for Profit Organizations
ISBN: 978-0132805667
4th edition
Authors: Steven A. Finkler, Thad Calabrese
Posted Date:
Students also viewed these economics questions
-
1. Create a short scenario that includes a problem behavior in the classroom setting. After you have chosen a problem behavior, create an operational definition. 2. Choose the best type of...
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
Read the case study below and answer the questions. SHORT RUN STABILIZATION AND LONG RUN COMPETITIVENESS: THE LAVITAN CASE Growth of a young country Latvia a small, young country on the east coast...
-
Controlling Program Flow w/i an ATM Using selection statements & loops to complete the following: Validate the user's PIN -- only allow them to attempt three (3) times before ending the program If...
-
What material feature is considered to be the driving force for isothermal forming?
-
This is the first index in a list. a. 1 b. 1 c. 0 d. The size of the list minus one
-
Use supply and demand curves to illustrate how a central bank conducts monetary policy using open market operations, a discount window and altering reserve levels.
-
Maine Construction builds office buildings. The buildings generally cost between $ 5 million and $ 8 million to build, and the plumbing can cost between $ 300,000 and $ 600,000 depending on the...
-
Required information [The following information applies to the questions displayed below.] In 2024, the Westgate Construction Company entered into a contract to construct a road for Santa Clara...
-
Phil Williams and Liz Johnson are 60% and 40% partners, respectively, in Williams & Johnson Partnership. Their beginning basis is $33,000 for Phil and $31,000 for Liz. The partnership had the...
-
Consider the D-T reaction (deuterium-tritium fusion) He+n Calculate the energy released in MeV in this reaction from the data: m(H)=2.014102 u m(H). = 3.016049 u (b)Consider the radius of both...
-
A project requires an initial, up-front (at t=0) capital expenditure of $11,820. It then generates constant annual cash inflows for the next 21 years of $800 with the first payment due at t=1. After...
-
You're the president of a bank. You initiate a loan origination fee of 1.5% on mortgages. What is the APR that you (the bank) earn on a 700,000 loan that is expected to be prepaid after three years,...
-
Q: Business Owners are frequently unhappy with solutions presented in the System Demos. What action can an RTE take to help resolve this issue? 1 Include the Business Owners in the Product Owner Sync...
-
Combine and simplify. X 5 X+3 X-2
-
Reflect on the core capital investment appraisal technique (IRR) and how it could be used or applied to a Geologist role. Please include in-text references and a reference list in your response.
-
Identify and describe three "patterns of organizations" and then provide a topic that could be used under each pattern of organization. Finally, which pattern of organization do you see as the...
-
The population of Detroit, Michigan, decreased from 1,027,974 in 1990 to 688,701 in 2013 (Source: U.S. Census Bureau). Find the average rate of change in the population of Detroit, Michigan, over the...
-
Donate Your Vehicle (DYV) is a charity that receives donations of old cars and converts them into cash to be used for various charitable purposes. DYV budgeted receipt of 300 cars, but actually...
-
What are some negative consequences of unrealistic budget expectations?
-
Assume that you are the nursing administrator for a medical group that expects a severe outbreak of flu this winter. You hire additional staff to treat patients and administer shots. Your special...
-
The Herfindahl-Hirschman Index (HHI) will increase the most in an industry when a. one large firm merges with another large firm. b. one large firm merges with a small firm. c. two small firms merge....
-
The Herfindahl-Hirschman Index (HHI) increases as the number of firms ___ or the disparity of firm sizes ___. a. increases; increases b. increases; decreases c. decreases; increases d. decreases;...
-
What are cooperative and non-cooperative games?
Study smarter with the SolutionInn App