China’s exports post fresh declines in July
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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