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Big halt in China's export in July

China's exports disappointed big-time in July, and the import is also faring poorly. Both factors indicate a country that is struggling with its economic growth.

Photo: Georg Hammerstein/POLFOTO/ARKIV

The Chinese export in July finished as a huge disappointment, and the country's import adds further to the image of an economy that has slowed down significantly. As such, the burgeoning positive signs that seemed to emerge in the past two months are now far off, according to official numbers from the Chinese authorities, published this weekend.

Overseas shipments declined 8.9 percent in July after increasing 2.1 percent in June year-on-year. Analysts' estimate for July was a small decline of 0.3 percent, both figures in Chinese yuan.

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