China’s exports, imports fall in July
Imports, meanwhile, posted a decrease of 8.1% in line with economists’ preliminary expectations of an 8% drop in imports. The country posted a trade surplus of $43.03 billion in July, below economists’ initial expectations of $53.25 billion.
Following the July results, some analysts predicted that exports will continue their downward trend for the rest of the year due to contracting factory activity and a strong yuan. China’s weak imports, meanwhile, were attributed to weaker commodity prices.
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