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China Exports Slide as Tepid Demand Adds to Growth Challenge

  • Exports to EU fall 7.5% in August from a year earlier
  • Trade surplus swells to $60.2 billion, boosting currency
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Chinese Economy Adds Plunging Exports to Market Trouble

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China’s exports declined in August, signaling weak demand in regions such as Europe and adding to growth pressures facing the world’s second-largest economy.

Overseas shipments fell 5.5 percent from a year earlier in dollar terms, the customs administration said. The reading was slightly above the median forecast of a 6.6 percent decline by economists surveyed by Bloomberg, and compared to an 8.3 percent drop in July. Imports fell 13.8 percent, widening from an 8.1 percent decrease and leaving a trade surplus of $60.2 billion.