Tag: China slowdown

BEIJING: China's exports fell 14.5% in July year-on-year, while imports contracted 12.4%, customs data showed on Tuesday, in the biggest decline in outbound shipments from the world's second-largest economy since February 2020.A Reuters poll of economists had forecast a 12.5% fall in exports and a 5.0% drop in imports.China's economy grew at a sluggish pace in the second quarter as demand weakened at home and abroad, prompting top leaders to promise further policy support at a meeting of the Politburo last month.The state planner last week also said...