analysis by بورس24 | Bourse24 about Stock تجارت on 8/8/2023

✅ The headline of a #CNBC news agency 🔹 Last month #export and #imports of China had two -digit decreases on annual scale 🔹 A few minutes ago the report of the #Chinese trade status was released last month and its content was very negative and worrying. Exports and imports on the annual scale decreased by 14.5 % and 12.4 percent, respectively. The #Reuters news agency poll was less predicted. 🔹 In recent months, a large number of negative reports of the #Chinese economy have been published, and the reaction of senior Chinese government officials to this situation has been merely promising to support the economy. Earlier this year, after #reopening the economy, everyone thought the Chinese economy's growth rate was very high this year, but it seems to be. The weakness of the Chinese economy is the result of several factors, including crisis in the construction sector, weakness of foreign demand for commodities, and low domestic consumption. People and companies are not optimistic about the horizon of the economy. The Chinese government has made efforts to help the economy, but that is not enough effort, and the Chinese economy may face a similar situation in the #Japanese economy over the past two decades. @Bourse24ir www.bourse24.ir