China, being one of the world's largest exporters, is highly dependent on its foreign trade. However, the ongoing global economic slowdown has surely impacted it negatively. Latest reports suggest that China's trade has taken a hit due to weakening global economic growth.

The country's exports fell for the twelfth consecutive month in November 2019, despite the ongoing trade negotiations with the United States. China's exports declined 1.1% year-on-year, following a 0.9% drop in October. Moreover, China's imports also fell for the fourth consecutive month, declining 0.3% from a year earlier.

The trade war between the United States and China, along with the Brexit saga, have caused an air of uncertainty among investors and companies worldwide, leading to slow economic growth. Not only China but also other major economies like Germany and Japan have borne the brunt of the declining trade.

The trade war has brought about a change in the global manufacturing supply chain as companies shift their production and sourcing away from China. Moreover, the implementation of tariffs has resulted in increased costs, reducing profit margins and affecting exports.

The declining exports and imports have led to a decrease in the country's trade surplus. China's trade surplus narrowed down to $38.7 billion in November, from $42.81 billion in October, marking the narrowest surplus in the past five months.

China has been taking measures to tackle the economic slowdown by cutting down interest rates and tax cuts. Moreover, it is also exploring new markets like Africa and Latin America to diversify its trade partners.

In conclusion, the ongoing global economic slowdown has had a significant impact on China's trade, leading to declining exports and imports, narrowing trade surplus, and affecting the country's economy. However, with the implementation of measures like tax cuts and exploring new markets, China aims to recover its trade and bounce back from the slump.