The Traderszone Network

Published in TZ Latest News 7 August, 2015 by The TZ Newswire Staff

China’s July exports slump 8 percent, raises pressure for more stimulus

BEIJING/SHANGHAI (Reuters) – Chinese exports tumbled 8.3 percent in July, their biggest drop in four months and far worse than expected, reinforcing expectations that Beijing will be forced to roll out more stimulus to support the world’s second-largest economy. Imports also fell heavily from a year earlier, in line with market forecasts but suggesting domestic demand might be too feeble to offset the weaker global demand for China’s exports.

read more