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Dragged Down by China

Monday, September 11, 2023

China’s economy fails to recover after being hit by the pandemic. Rupiah could fall if China devalues yuan.

arsip tempo : 177362000460.

Ilustration Tempo/Imam Yunianto. tempo : 177362000460.

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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