Dragged Down by China
China’s economy fails to recover after being hit by the pandemic. Rupiah could fall if China devalues yuan.
Yopie Hidayat
September 11, 2023
CHINA’S economy keeps weakening. The latest data show that China’s exports in August fell by 8.8 percent compared to the previous year. Meanwhile, imports also fell by 7.3 percent. The August report was better than July’s, but the continued decline in year-on-year exports for the past four months is painting a stronger picture of failed post-pandemic economic recovery.
It is not just the flow of exported goods that is decl
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