By Iris Pang, Economist, Greater China
September trade data reflects increasing damage from the trade war. Will this change after the trade talks? And what about the yuan?
China trade as bad as expected
China's exports were down 3.2% year-on-year, with imports down 8.5% YoY. As imports contracted more than exports, the trade balance increased to $39.65 billion in September, up from $34.8 billion in August.
Dive in China-US trade
There were very big drops in exports to and imports from the US, at -10.7% year-on-year year-to-date and -26.4% YoY YTD, respectively. This is clearly