Article SXRS China imports fall again but US Fed banker calls for rate hikes to start

China imports fall again but US Fed banker calls for rate hikes to start

by
Martin Farrer and agencies
from on (#SXRS)

China's imports fell by nearly 10% in October and exports were also down, raising questions about whether the US Fed will increase rates in December

China's imports fell by nearly a tenth in October from a year ago, official data showed on Sunday, underlining weakening domestic demand in the world's second-largest economy.

The slowdown in China's economic expansion has sent jitters across global stock markets and was cited in September by US Federal Reserve chair Janet Yellen as a reason for delaying the long-expected rise interest rates.

Related: US Federal Reserve is right to raise interest rates, yet risk remains

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