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China reports biggest drop in exports since 2020

IndiaTimes Tuesday, 8 August 2023
China's exports and imports have declined in July due to a sluggish economy and weakened demands amidst the pandemic. According to customs data, China's outbound shipments plunged by 14.5%, the most considerable drop since February 2020. This performance is worrying as it could potentially weaken economic activity further for the rest of Asia.
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