China exports and imports surprisingly decline

Source: Bloomberg
© Scanpix/Agence France-Presse
China's imports and exports surprisingly fell in June, adding pressure on its economy. Overseas shipments dropped 3.1% compared to previous year, making it the biggest decline since the global financial crisis, according to General Administration of Customs data. Imports fell 0.7%, while the predictions were for a 6% gain. 

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