Weaker-than-expected trade figures in China

China's customs authorities reported Monday the Asian nation's imports plunged by 12.5 percent in July year-on-year.

Goods bought from partners abroad totaled $132.4 billion as weaker global commodity prices and slumping domestic demand weighed on purchases.

Exports also dropped markedly. They fell by 4.4 percent to $184.7 billion in July, disappointing analysts.

"Signs of stronger manufacturing activity among many of China's key trading partners have so far failed to lift export growth," Capital Economics expert Julian Evans-Pritchard said in a research note.

China is the world's biggest trader in goods and is crucial to the global economy, with its performance affecting partners around the globe.

Read more on Deutsche Welle.

loading...
Related news

Lasă un comentariu