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China’s exports post fresh declines in July

by ChemOrbis Editorial Team - content@chemorbis.com
  • 08/08/2016 (14:13)
China’s customs administration reported that China’s exports fell 4.4% in dollar terms from a year earlier in July, posting declines of 4.8% in June and 4.1% in May. June’s data also represented weaker results than economists’ expectations which called for a 3.6% drop in a survey by the Wall Street Journal.

Imports, meanwhile, fell 12.5% on the year in July, posting a steeper drop compared with an 8.4% fall in June. Accordingly, China’s trade surplus widened to $52.31 billion from $48.11 billion.

According to economists, muted external demand and a gloomy outlook for the global economy continue to drag down China’s trading activities while the larger than expected fall in imports also raised concerns about the domestic demand.
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