Chinese exports down 12.4% in June

According to official data released on July 13, China witnessed a year-on-year drop of 12.4% in exports for the month of June.

This marks the second consecutive decline and reflects a slowdown in the country’s economic recovery.

China’s General Administration of Customs reported a 6.8% decrease in imports during the same period.

Export activities are a crucial factor for growth in the world’s second-largest economy and have been on a downward trend since October of the previous year, with a brief recovery observed between March and April.

The decline in June’s exports surpassed economists’ expectations, who had forecasted a 10% decrease, highlighting the severity of the situation.

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