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China’s Exports Drop as External Demand Fails to Offer Relief

From bloomberg.com

China’s exports declined in July, adding pressure on Premier Li Keqiang’s government to stabilize growth. Overseas shipments fell 8.9 percent from a year earlier in yuan value, the customs administration said in Beijing on Saturday. Imports fell 8.6 percent, widening from a fall of 6.6 percent in June, leaving a trade surplus of 263 billion yuan ($42.4 billion). Along with weak domestic investment, subdued global demand is putting Li’s 2015 growth target of about 7 percent at risk. As slowdown pressures mount, the government has rolled out fresh pro-growth measures, including special bond sales to finance ... (full story)

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