China’s October exports declined 7.3 percent, while imports dwindled 1.4 percent compared with preceding year’s figures–both dropped more than what’s expected.
According to the General Administration of Customs, China currently has a trade surplus of $49.06 billion for October as a result. Compared against September’s trade surplus of $41.99 billion, their forecast is to have inflated to $51.70 billion. Analysts said that the changes in statistics lead to the recurring slack global demand.
Vocabulary:
dwindle – to gradually become smaller
preceding – existing, happening
trade surplus – a situation in which a country sells more to other countries than it buys from other countries
forecast – to say something will happen in the future
inflate – to expand or increase abnormally
True or False:
- China’s September exports declined 7.3 percent.
- China imports dwindled 2.4 percent.
- Both China exports and imports declined when compared with preceding year’s figures.
- Compared against August’s trade surplus of $41.99 billion, their forecast was to have inflated to $51.70 billion.
- The changes in statistics do not lead to the recurring slack global demand.
Defend your argument:
- People’s tastes in foreign goods and products are constantly changing through the years.
- Is it better that a country sells more to other countries, or it buys more from other nations?
- How does an incident like this affect the nation and its community?
- Do you think a nation like China can handle declines on their exportsand imports?
Express your opinion:
- What do you think is the reason behind these slumping incidents in a country’s exports and imports figures?
- Which is more enticing to buy: your own country’s products, or foreign goods? Why?
- Share your thoughts about this quote: “Developed countries and advanced developing countries must open their markets for products from the developing world, and support in developing their export and import capacity.” – Anna Lindh