[Ferro-Alloys.com] Australia’s goods exports to China fell by more than 26 per cent in August, taking total exports down by 7.5 per cent over the year to $US75.7bn ($103.9bn), according to figures from the Customs General Administration in Beijing.
Chinese imports from Australia in August were down by 26.2 per cent to $US8.81bn year on year in a month where total imports by China were down by 0.5 per cent.
This was a turnaround from four months of strong export sales to China from March to June.
The State Council, China's cabinet, has detailed multiple reform measures to improve business environment and invigorate the market.
While China's business environment has seen remarkable progress in recent years, operational barriers still exist in the country, according to a circular released by the State Council, which listed reforms in four areas to spur business vitality.