China Exports Remain Subdued as Import Drop Fuels Demand Concern

China’s exports remained sluggish last month, signaling tepid global demand, while deteriorating imports raise concern domestic conditions may be weakening anew.

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 in the world’s biggest trading nation are boosting fiscal support to spur investment and consumption at home.