⚠️BREAKING: *CHINA'S EXPORTS FALL MOST IN THREE YEARS AS JULY TRADE DATA BADLY MISSES EXPECTATIONS 🇨🇳🇨🇳
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China's July exports, imports fall much faster than expectedChina's exports fell 14.5% in July year-on-year, while imports contracted 12.4%, customs data showed on Tuesday, in the biggest decline in outbound shipments from the world's second-largest economy since February 2020. A Reuters poll of economists had forecast a 12.5% fall in exports and a 5.0% drop in imports. China's economy grew at a sluggish pace in the second quarter as demand weakened at home and abroad, prompting top leaders to promise further policy support at a meeting of the Politburo last month.
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