The export boom that has powered China’s economy through the pandemic decelerated in August, reflecting the impact from rising inflation and slowing growth elsewhere in the world.
The slowdown in exports threatens to erode the pillar that has held up growth in the world’s second-largest economy, as fresh Covid-19 lockdowns in major Chinese cities are further restraining spending and the world economy edges closer to recession. China has been struggling to shake off the effects of its zero-tolerance Covid policies and a downturn in the property market.
