China's exports have fallen for four consecutive months.

For the fourth consecutive month, China's exports have decreased as the "world's factory" battles weak domestic and international demand.

 

According to official statistics, exports decreased 8.8% in August from a year earlier while imports decreased 7.3%.

Nonetheless, those decreases were better than the previous month and not as severe as anticipated.

China is dealing with a number of post-pandemic issues, such as a weak consumer spending and a property crisis.

Worldwide demand for Chinese-made products has declined as a result of the coronavirus and the ongoing trade spat with the United States. That has had a significant effect on one of the main engines of economic growth in the nation.
 
On Wednesday, a new report by the US Census Bureau showed that China's share of US goods imports fell to the lowest level since 2006 in the year to the end of July.

The share of imported goods from China was 14.6% over the period. That is down from a peak of 21.8% in the year to the end of March 2018, before then-President Donald Trump ramped up the US-China trade war.

Chinese authorities are also faced with a deepening slump in the country's real estate market as some of its biggest developers are struggling financially.

Beijing has so far avoided launching a large stimulus programme to boost the economy.

Instead it has opted for introducing a series of measures in recent months to help support people and businesses.

The country's central bank has cut interest rates, while Beijing has announced plans to allow a dozen of the country's biggest cities to cut minimum deposits for homebuyers. Lenders have also been encouraged to reduce rates on existing mortgages.

Measures have also been announced from increasing personal income tax allowances for children's education to cutting the duty on share trading.

Ahead of the publication of the trade figures, Chinese state-run newspaper The Global Times ran a story on its English language website criticising negative comments by Western politicians and media about the country's economy.

"The reality is that Chinese economy is well on the recovery track with increasingly strong innovation and green development momentum, though the economy faces some difficulties and challenges under the impact of global economic slowdown," it said.