BEIJING : China's export slump is expected to have accelerated in June, as sluggish overseas economies struggling with inflation and rising interest rates buy up fewer goods from Chinese factories.Outbound shipments from the world's second-largest economy were projected to have fallen 9.5 per cent year-on
BEIJING : China's export slump is expected to have accelerated in June, as sluggish overseas economies struggling with inflation and rising interest rates buy up fewer goods from Chinese factories.
That would be the worst decline since January, when China's supply chains were grappling with a wave of COVID-19 infections unleashed by the end of harsh pandemic-related restrictions. One-third of respondents to the trade poll forecast that exports in June dropped by a double-digit percentage, as in January. Societe Generale was the most bearish, anticipating a drop of 15.7 per cent.
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