The value of imports also fell by more than expected. Down 12. 4 onjuly a year ago, but that partly reflects a fall in the price of commodities such as crude oil. The figures will concern chinas government who are grappling with economic growth. The quarterly Growth Figure was just 0. 8 in the april tojune period as the country continued its post covid recovery. And last month chinas struggles were cited as a key concern for the Global Economy when the International Monetary fund updated its Global Growth forecast for this year to 3 . David woo is a former imf economist and wall street strategist, hejoins me now from tel aviv. Its a grim picture for china, isnt it . The third consecutive month of decline. Whats going wrong for them . ,. , decline. Whats going wrong for them . ,. ,. ,. , them . Some people are going to say its ust them . Some people are going to say its just basically them . Some people are going to say itsjust basically a them . Some people are going to say itsjust bas
Antony blinken, has voiced his concern that nigersjunta might turn to the Russian Mercenary Group wagnerfor help. The group is active in neighbouring countries and its leader has welcomed the takeover. The coup leaders are currently Standing Firm against calls to restore democratic rule. Heres what mr blinken had to say about wagner. For sure, we have concerns when we see Something Like the wagner group possibly manifesting itself in different parts of the sahel. And here is why we are concerned. Because every single place that this group, wagner group has gone, death, destruction and exploitation have followed. Insecurity has gone up, not down. It has not been a response to the needs of the countries in question for greater security. I think what happened and what continues to happen in niger was not instigated by russia or by wagner but to the extent that they try to take advantage of it and we see a repeat of what has happened in other countries where theyve brought nothing but bad
A real danger the oil price should be rising ok some good points there from so if you should man skeel most straight thank you. China says its prepared for a long trade war with the United States it follows a series of tweets from u. S. President donald trump praising his Trade Tariffs Beijing has published a new list of retaliatory tabs on u. S. Products in response to washingtons threats to impose some Two Hundred Billion Dollars in chinese imports Chinese State media lashed out at trump and described his measures as extortion. Business leaders have gathered in washington for the annual meeting of the Agricultural Applied Economics Association a packed agenda punitive tariffs treaties being trashed geopolitical crises global Foreign Direct Investment fell sharply last year especially in africa where f. B. I. Has dropped by twenty one percent i asked the president of the African Development bank. How the globes Trade Troubles are affecting africa. Or first and
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China s trade troubles. exports and imports fall sharply injuly, sparking concerns for the global economy. taking a bite out of fake burgers. beyond meat shares fall more than 15% because of falling sales. welcome to world business report. we start in the world s second biggest economy, china. that s because the country saw a big fall in both exports and imports in july. it s a worrying sign for the health of the global economy given so many countries do so much trade with china. chinese government data shows that the value of exports fell 1a.5% compared to the same month a year ago. that suggests the rest of the world is buying less stuff.