China’s exports collapse by more than twelve percent – world trade

2023-07-13 06:41:23

Beijing – Chinese foreign trade collapsed in June. As the customs authority in Beijing announced on Thursday, exports fell by 12.4 percent year-on-year to around 285 billion US dollars (256 billion euros). The imports of the second largest economy fell by 6.8 percent to around 215 billion dollars. Both values ​​were even worse than expected by analysts. Foreign trade had already cooled off increasingly in the previous months.

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