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China’s exports fall at faster pace as global economy slows
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China’s exports in yuan terms decreased at a faster pace in June compared to the previous month, as a slowdown in the global economy curbed demand for Chinese goods and weighed on the outlook for manufacturing. Exports declined about 16% in yuan terms in June from a year ago, more than the 0.8% decrease in May, according to the Bloomberg calculations based on Customs General Administration data released Thursday.
Imports fell about 3.4% from a year ago in June, compared to a 2.3% increase the previous month. The customs administration published data for the first six months of the year showing exports in yuan terms climbed 3.7% from a year earlier, while imports dropped 0.1%.
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