CN – In October 2015, China’s exports sank by 6.9% down to 192 bil. US Dollars (approx. 178 bil. Euros). The reason for the Republic of China’s fourth decline in exports in a row is especially attributable to the drop in exports to the industry countries such as Japan and members of the European Union, although the Chinese Government had devaluated the domestic currency, the Yuan, in order to facilitate exports.
Imports to China, the second largest economy in the world, also dropped by 18.8% down to approx. 131 bil. US Dollars (approx. 122 bil. Euros). The economic growth of China has thus slowed down again and only increased by 6.9% in the third quarter – the lowest growth rate since 2009.