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Chinese exports fall

Global demand for Chinese goods fell by 14.5% last month compared to the same time last year.

Global demand for Chinese goods fell by 14.5% last month compared to the same time last year.

It's a bigger than expected decline and reflects the threat of recession in the US and Europe, combined with high inflation.

Imports also fell for the ninth straight month, showing soft domestic demand.

(Picture: The China World Trade Center Tower III and other buildings are seen in Beijing. Credit: REUTERS/Jason Lee)

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  • Tue 8 Aug 2023 14:32GMT