China reports weaker than expected trade data

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    Jul 12, 2013 10:21 PM GMT
    China has reported an unexpected fall in its exports and imports, adding to concerns of a slowdown in its economy.

    Exports fell 3.1% in June from a year earlier, indicating weak global demand for Chinese goods. Most analysts had expected a 4% increase in shipments.

    Imports fell 0.7% from a year ago, showing a subdued domestic demand.

    http://www.bbc.co.uk/news/business-23251089
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    Jul 12, 2013 11:23 PM GMT
    Ex_Mil8 saidChina has reported an unexpected fall in its exports and imports, adding to concerns of a slowdown in its economy.

    Exports fell 3.1% in June from a year earlier, indicating weak global demand for Chinese goods. Most analysts had expected a 4% increase in shipments.

    Imports fell 0.7% from a year ago, showing a subdued domestic demand.

    http://www.bbc.co.uk/news/business-23251089


    China's economy is in trouble. What remains to be seen is whether or not a trade war will result or perhaps has already started.