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China export, import growth weaken in July

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There has been a significant downfall China's trade growth that has weakened in July in a negative sign for growth in the world's second-largest economy and global demand. Exports rose 7.2 per cent from a year earlier to USD 193.6 billion, down from June's 11.3 per cent growth, according to customs data released today. Imports rose 11 per cent to USD 146.9 billion, down from the previous month's 17.2 per cent. Forecasters have warned Chinese economic growth will cool this year, dampening demand for foreign goods, as controls imposed on bank lending to slow a rise in debt take hold. The Chinese trade surplus with the 28-nation European Union, the country's biggest trading partner, rose 3.4 per cent to USD 12.2 billion.NYOOOZ TV Videos - Dedicated to bringing you the latest and best in politics, sports, current affairs and entertainment world. From traditional sports like cricket to best Bollywood entertainment news, NYOOOZ TV is a must watch for news updates.Download our Apps on :Google Play Store : https://play.google.com/store/apps/de... Apple Istore https://itunes.apple.com/us/app/newzs... Our Website http://www.nyoooz.com

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China export import growth weaken in July significant downfall China's trade growth Exports rose 7.2 per cent from a year earlier to USD 193.6 billion June's 11.3 per cent growth
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