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Tag: China Exports drop

BUSINESS: China Exports drop.

BUSINESS: China Exports drop.

Business
Imports from China fell in January, forcing through a drop of Shs6b in Uganda’s import bill from the world’s second largest economy. This is a breakaway from decades of a growing import bill from China, mainly supplemented by other parts of Asia and the Middle East. According to details released by the central bank, Uganda’s trade with leading imports source, China, stood at $108.14m (Shs400b) in the month under review from $109.82m (Shs406b) in December. The drop is expected to worsen due to the threat of Corona virus that is buffeting global markets and trade. In an interview recently, Uganda Revenue Authority Manager Corporate Affairs Ian Rumanyika, told Daily Monitor that whereas they had not assessed the impact of Corona virus, it is expected to cause a drop in the flow of ...
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