China’s exports remained sluggish last month, signaling tepid global demand, while deteriorating imports raise concern domestic conditions may be weakening anew. Key Points Overseas shipments fell 4.4 percent in U.S. dollars, rose 2.9 percent in yuan terms in July from a year earlier Imports dropped 12.5 percent in dollar terms, slipped 5.7 percent in local currency Trade surplus widened to $52.3 billion Big Picture A year on from China’s surprise devaluation of the yuan, the weaker currency is buffering the effects of weak global demand as local receipts get a boost. With no help to growth from the external sector, policy makers ... (Read the full story)
