China export growth slows as shipments to major trading partners falter

FT/Hudson Lockett/08-08-17

Growth in China’s exports came in last month at the slowest rate since exiting contraction in March, with the rise in value of shipments to most major trading partners decelerating markedly.

The dollar value of outbound shipments from China climbed 7.2 per cent year on year in July, according to the General Administration of Customs, slowing from growth of 11.3 per cent a month earlier and coming in well below a median forecast of 10.9 per cent growth from economists surveyed by Reuters.

Growth in exports to most major trading partners was down visibly, with those to the US falling more than 10 percentage points from the previous month to notch year-on-year growth of just 8.9 per cent in July.

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