China's Trade Growth Slips Amid Global Economic Slump
China's trade growth plunged in June, hurt by weak U.S. and European demand and a Chinese slowdown, with a potential impact on economies as far-flung as Africa and Australia.
China's trade growth plunged in June, hurt by weak U.S. and European demand and a Chinese slowdown, with a potential impact on economies as far-flung as Africa and Australia.
Aided by a decline in imports and a two-year high in exports, the U.S. trade deficit unexpectedly plunged 5.3% in September to $44 billion. Strong commercial airline orders helped boost the export total. Further, if the dollar remains at present levels, that will likely lead to more export gains in the months ahead -- something that will boost the revenue of many U.S. corporations with substantial international customers.

