China export growth slows sharply in July as favourable base effect from year earlier fades

Source: China – South China Morning PostChinese exports remained strong in July but the growth rate from a year earlier slowed sharply, as the favourable comparison base effect from a year earlier started to fade, according to data released Saturday.Exports grew by 19.3 per cent last month from a year earlier to US$282.66 billion – slowing from the 32.2 per cent growth seen in June. This was slightly below the median result of a survey of analysts conducted by Bloomberg, which predicted 19.9 per cent growth.This was the 13th…Read More

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