The slide in emerging market (EM) trade this year is a trend mainly made in China. Of course, China’s own falling numbers depress the overall EM average, but there is more to it than that. China’s appetite for commodities is on the wane, while its manufacturing imports have started to fall off a cliff.
今年新興市場貿易額下滑已經成為一種主要由中國造成的趨勢。當然，中國本身的下滑數據壓低了整個新興市場的平均水平，但影響還不止于此。中國對大宗商品的需求日益降低，而同時其制造業進口也開始直線下滑。
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