The world’s biggest exporter reported another month of dismal trade figures for June. Chinese exports declined 13% year-on-year in the month to $285.3 billion, and imports fell 6.9% to $214.7 billion.
The decline was driven by a massive drop in consumer spending in the U.S. and Europe, caused by inflation, fallout from the Covid-19 pandemic, and…
As expected, China reported lackluster trade numbers this week, signaling a possible recession in the U.S. and more trouble for the global economy.
Chinese exports fell for the first time in three months, dropping 7.5% year-on-year to $283.5 billion. Imports dropped 4.5% to $217.7 billion.
The World Bank this week said that the global economy…
