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China’s July exports fall on sluggish global demand
August 8, 2016, 5:02 am

Exports fell 4.4 percent from a year earlier, the General Administration of Customs said on Monday [Xinhua]

Exports fell 4.4 percent from a year earlier, the General Administration of Customs said on Monday [Xinhua]

China’s exports fell 4.4 per cent year on year in July, while imports fell 12.5 per cent, customs data showed on Monday.

Imports saw the biggest decline since February.

That led to a monthly trade surplus of 342.8 billion yuan ($51.5 billion), up 34 per cent from one year earlier, according to figures from the General Administration of Customs.

It expects pressure on exports is likely to ease at the beginning of the fourth quarter, a statement said.

 

Source: Agencies