China

Chinese Exports and Imports Decline

Growth still under pressure

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China has reported an unexpected fall in its exports and imports, adding to concerns of a slowdown in its economy.

Exports fell 3.1% in June from a year earlier, indicating weak global demand for Chinese goods. Most analysts had expected a 4% increase in shipments.

Imports fell 0.7% from a year ago, showing a subdued domestic demand.

China, the world's second-largest economy, has been keen to rebalance its economy, after a decline in global demand hurt its export-led growth.