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China July exports, imports weaker than expected

Exports are up 7.2% vs forecast 10.9% gain while imports are up 11% vs 16.6% growth expectations; softer readings raise fears over whether global demand is starting to cool

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The disappointing China data came a day after ratings agency Fitch upgraded its outlook for the world economy for this year and next, citing recoveries in China and other emerging markets.

Beijing

CHINA'S exports and imports grew much less than expected in July, raising concerns over whether global demand is starting to cool even as major Western central banks consider scaling back years of massive stimulus support.

China and Europe have been driving an increasing

sentifi.com

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