The numbers appear to be drastically in the favor of the United States. But because the U.S. exports much less to China than it imports, the smaller drop is actually a bigger percentage drop (15.5 percent from last year) - compared to a 13.5 percent decline for Chinese imports. Both countries appear to be hurting.
Chinese furniture exports to the U.S. fell in miscellaneous wood furniture (down 19 percent), wood seats (down 21 percent), and upholstered wood chairs (down 13 percent). China's overall economy grew just 6 percent in the third quarter - its slowest pace on record.
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