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.
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