China Trade Unexpectedly Worsens in June

China has released unexpectedly poor trade data for June, in a further sign of weakness in the world’s second largest economy.

Government figures showed exports fell 3.1 percent from a year earlier. That is well below market expectations of around four percent growth. Imports also dropped 0.7 percent, a figure much weaker than forecast. China’s trade surplus fell to just over $27 billion.

Customs spokesperson Zheng Yuesheng told reporters China’s foreign trade is facing …

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