“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.”
https://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