China's export growth slowed significantly in July, the latest figures from the General Administration of Customs showed Friday.
Exports grew just 1 percent year-on-year in July, decelerating from 11.3 percent growth reported in June. Economists had forecast a relatively modest slowdown to 8 percent.
Imports also slowed in July. Overseas purchases increase at a pace of 4.7 percent year-on-year compared to 6.3 percent rise in June. Economists expected import growth to pick up to a rate of 7 percent.
The trade balance was in a surplus of $25.15 billion, down from June's $31.72 billion. This was expected to rise to $35.05 billion.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.