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China exports slumped 12.4% in June from a year earlier as global demand weakened

Por: ABC News Business July 13, 2023

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HONG KONG -- China's exports tumbled 12.4% in June from a year earlier as demand weakened after central banks raised interest rates to curb inflation even as Chinese leaders struggled to keep a post-COVID recovery from faltering.Customs data released Thursday showed imports slid 6.8% to $214.7 billion. Exports edged up slightly from the month before, totaling $285.3 billion. The trade surplus was $70.6 billion, rising from $65.8 billion in... + full article



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