California feels China’s pain.
The recent economic struggles of the populous overseas nation have caused a slowdown in the state’s export trade industry.
The latest evidence came in October 2015 figures released by Beacon Economics, the consulting firm that breaks down California’s export totals from U.S. Commerce Department figures. Beacon said in-state businesses shipped merchandise valued at about $14.7 billion in October, down 5.4 percent from $15.53 billion sent abroad in October 2014.
Amid the sea of data in the report was this: California shipments to China in the August-to-October period fell by 11.4 percent, from $4.19 billion last year to $3.71 billion in 2015. Shipments declined across the board, from computer equipment to agricultural products.
View Article