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China July exports fall 4.4%, missing forecasts

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China's July exports fell by a more than expected 4.4 per cent from a year earlier, while imports fell 12.5 per cent, also missing expectations, data showed on Monday.

[BEIJING] China's July exports fell by a more than expected 4.4 per cent from a year earlier, while imports fell 12.5 per cent, also missing expectations, data showed on Monday.

That left the country with a trade surplus of US$52.31 billion for the month, the General Administration of Customs said.

Analysts polled by Reuters had expected exports to fall 3 per cent and imports to drop 7 per cent, extending a long stretch of declines and highlighting persistently weak demand at home and abroad.

REUTERS

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