Taiwan’s exports tumble for the eleventh straight month in July in a sign that global demand for chips is slow to recover
The trade surplus rose to $8.5 billion in July, its highest level since records began, as the 11-month decline in exports showed signs of easing.
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China's July exports fall 14.5% y/y, imports down 12.4%China's exports fell 14.5% in July year-on-year, while imports contracted 12.4%, marking the worst performance for outbound shipments since February 2020.
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Chinese exports, imports shrink more than expected in JulyChinese exports and imports in July were lower than anticipated, indicating a slowdown in the country's economy. This decline in trade activity could be attributed to the ongoing trade tensions between China and the United States.
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China's July exports tumble by double digits, adding to pressure to shore up flagging economyChina's exports tumbled by double digits in July, adding to pressure on the ruling Communist Party to reverse an economic slump. Economic growth sank to 0.8% in the three months ending in June compared with the previous quarter, down from the January-March period’s 2.2%. That is the equivalent of 3.2% annual growth, which would be among China’s weakest in three decades. China criticizes German call for reducing dependency on Chinese products as ‘protectionism’.
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