BEIJING: China's exports fell 14.5 per cent in July year-on-year, while imports contracted 12.4 per cent, customs data showed on Tuesday (Aug 8), 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 per ce
BEIJING: China's exports fell 14.5 per cent in July year-on-year, while imports contracted 12.4 per cent, customs data showed on Tuesday , in the biggest decline in outbound shipments from the world's second-largest economy since February 2020.
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. Beijing is looking for ways to boost domestic consumption without easing monetary policy too much lest it triggers large capital outflows as other major economies raise interest rates to tame soaring inflation.
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