A container ship from China-owned Cosco Shipping sits in the Port of Oakland in California on Aug. 7, 2023.
Justin Sullivan | Getty Images News | Getty Images
BEIJING — China said Tuesday that exports fell by 14.5% in July from a year ago, while imports dropped by 12.4% in U.S. dollar terms.
That’s worse than what analysts had expected.
A Reuters poll predicted a 12.5% decline in exports in July from a year ago, in U.S. dollar terms. Imports were expected to have dropped by 5% during that time, according to the poll.
An official measure of manufacturing activity posted a fourth-straight month of contraction in July.
A similar survey from Caixin for July found that manufacturers’ new export business contracted at the fastest pace since September 2022.
This is breaking news. Please check back for updates.
![How to Promote Your Infographic on Your Blog and Social Media [Infographic]](https://www.socialmediatoday.com/imgproxy/j-3pTi02XvvJsN0F0ukmsTRBk8GcScHzFJOYuXn_zxg/g:ce/rs:fill:800:7463:0/bG9jYWw6Ly8vZGl2ZWltYWdlL3lvdV9tYWRlX2FuX2luZm9ncmFwaGljMi5wbmc.jpg "How to Promote Your Infographic on Your Blog and Social Media [Infographic]")
