Chinese Exports At Six Month Low

Diminishing foreign demand blamed for poor performance.


BEIJING, Aug. 10 (Xinhua)—China's export growth slowed sharply to a six-month low in July on dwindling foreign demand, strengthening anticipation for weak trade performance for the whole year and more government action to support the economy.

Exports rose 1 percent year on year to 176.9 billion U.S. dollars in July, plummeting from the 11.3-percent growth seen in June and well below market expectations, the General Administration of Customs (GAC) said Friday.