CONF: China’s exports to face negative growth risks

Growth in the total value of China’s exports is at risk of negative pressure in the coming term with the slowdown in economic growth both at home and abroad, and from the many uncertainties caused by the US-China trade friction, Lu Ting, chief economist of Nomura Securities stated on September 18 at the Asia Steel Forum 2019 in Shanghai.

“China’s export growth in H2 2019 should face strong headwinds,” he warned delegates, pointing out that in the first eight months of this year, growth in the country’s export value had slipped nearly to zero from the year-on-year growth of 9.9% achieved last year. One major reason for the substantial drop was the fact