China's July exports grew at 7%, missing an expected 9.7% increase, signaling slowing global demand. Imports surged 7.2%, surpassing the expected 3.2%. CNBC reported a 24% increase in imports from the US.
China's economic slowdown is driven by sluggish domestic demand, weaker consumer spending, and a real-estate crisis. Declining retail sales and a frugal spending attitude have contributed to a slower growth rate.
[
Collection
]
[
|
...
]