China sends a chill through world markets - CBS News: "Data showed that China’s exports last month fell 10 percent from a year earlier in U.S. dollar terms, compared with a 2.8 percent fall in August. The drop was wider than expected. Analysts forecast a fall of 3.3 percent.
Imports also dropped 1.9 percent last month, after a 1.5 percent gain in August, due to lower shipments of key commodities such as iron ore and copper.
“China’s exports weakened last month on the back of subdued external demand. At the same time, import growth returned to negative territory, raising questions over the strength of the recent recovery in domestic demand,” said Julian Evans-Pritchard, an economist at Capital Economics. “This could be an early sign that the recent recovery in economic activity is losing momentum.”"
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