Following a 3-month decline in exports that ended last June, China's exports have risen again by 2.1% compared to the same period from last year. At present, China is the world's biggest trader of goods and second largest economy and decline in its exports negatively affected its economic growth.
Chinese imports have fallen for the eighth month in a row, down 6.7%. In response to this, Chinese authorities are taking measures to boost the country's economic activity, such as cutting interest rates. This is the fourth time this measure has been implemented since last November.
Malta has recently signed the official agreement to be one of the founding members of the Asian Infrastructure Investment Bank, an initiative that will fund infrastructural projects across various sectors in Asia to strengthen the region's social and economic situation. The island continues to strengthen its ties with the country for business and trade collaboration.
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