Dow Jones Newswires: China’s exports fall more than expected in July

United States

China’s exports fell more than expected in July, dragged by continued weakness in global demand, official data showed Tuesday.

Outbound shipments dropped 14.5% from a year earlier in July, compared with the 12.4% decline in June, the General Administration of Customs said. The result was worse than the 12.0% fall expected by economists in a Wall Street Journal poll.

Chinese imports declined 12.4% from a year earlier in July, compared with June’s 6.8% fall and the 5.0% drop expected by surveyed economists.

That put China’s trade surplus at $ 80.6 billion in July, wider than the $ 70.62 billion surplus in June and the $ 70.3 billion surplus expected by economists.

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