China’s economy in period of ‘deflation’ - BBC News
9 months ago
88
#China #Economy #BBCNews
China's imports and exports fell more sharply than expected last month as weaker global demand threatened the recovery prospects of the world's second-largest economy.
Official figures show that exports fell by 14.5% in July compared with a year earlier, while imports dropped 12.4%.
The grim trade figures reinforce concerns that the country's economic growth could slow further this year.
It will increase pressure on Beijing to help boost the post-pandemic recovery.
#China #Economy #BBCNews
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