# China’s economic slump may spare ag exports | The Western Producer

> China's economy is growing much more slowly than usual, with exports down 14.5% and imports down 12.4% in July. Agricultural imports have held up better, with July soybean imports up 15% year on year to 9.7 million tonnes.

- Date: 2023-08-31 · published 2023-08-31T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/34555-china-s-economic-slump-may-spare-ag-exports-the-western-producer
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Resilient Chinese feed and oilseed imports support soybean demand despite the broader slowdown, which limits downside risk for soybean and meal prices.

## Read by commodity

- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-11-13 | [PBOC pulls China’s yuan off 3-month low with stronger-than-expected fix - Markets - Business Recorder](https://feedsoft.ai/events/6696-pboc-pulls-china-s-yuan-off-3-month-low-with-stronger-than-expected-fix-markets.md) | -0.5% | -0.8% |
| SOY | 2017-05-25 | [StanChart’s chief economist says these four currencies will move most on Fed shock](https://feedsoft.ai/events/70926-stanchart-s-chief-economist-says-these-four-currencies-will-move-most-on-fed.md) | -3.8% | -4.7% |
| SOY | 2017-09-15 | [Russia set records in the export of grain](https://feedsoft.ai/events/68820-russia-set-records-in-the-export-of-grain.md) | +0.4% | +2.6% |
| SOY | 2019-08-21 | [Macroeconomic Volatility and Industry Specific Shocks Pressure Down Cattle Prices \| Ohio BEEF Cattle Letter](https://feedsoft.ai/events/10657-macroeconomic-volatility-and-industry-specific-shocks-pressure-down-cattle.md) | -1.1% | +3.9% |
| SOY | 2020-02-24 | [Economist expects new considerations in grain markets \| 2020-02-24  \| World Grain](https://feedsoft.ai/events/54625-economist-expects-new-considerations-in-grain-markets-2020-02-24-world-grain.md) | -0.8% | -3.1% |

## Sources

- producer.com: https://www.producer.com/markets/chinas-economic-slump-may-spare-ag-exports-2/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.