China's Trade Faces Pressure as Exports Decline Amid Weak Global Demand


A skyline in China.

Photo by zhang kaiyv

China's trade outlook is dim as exports experienced a significant drop for the second consecutive month, falling 12.4% in June compared to the previous year. The weakening global growth, geopolitical tensions, and uncertainties surrounding the technology trade war with the US contribute to the challenging environment for China's exports, with little respite expected in the near future. The domestic economy also faces challenges, reflected in the slump in imports and unbalanced trade, emphasizing the need for forceful policy support and potential stimulus measures to revive growth.

Read more from AJOT ▶

Previous
Previous

China's Export Curbs on Metals Prompt Supply Chain Diversification

Next
Next

Beware of Potential Scams and Misinformation Surrounding the Employee Retention Credit