“The weakening external demand continues to impact China’s trade,” said Lyu Daliang, spokesman of the the General Administration of Customs. “The global economy’s recovery is lacking a driver. Global trade and investment is slowing, while unilateralism, protectionism and geopolitical risks are rising.”
ca.finance.yahoo.com/news/china-worse-expected-exports-deal-045804232.html
China’s Drop in Exports Signals Deepening Slowdown in Global Trade
Campaigns by central banks to fight inflation are taking an increasing toll on spending in the West
See also ECB's Knot: Global cooperation lags behind 2008 levels; next financial shock unpredictable.
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