Stock Market Today – China Imports, Exports Sink

Reddit Email Reprint NEW YORK ( TheStreet) —  Chinese imports plunged by 13.8% year on year last month, when exports also fell by 6.2%, providing more evidence that the world’s second-largest economy is slowing sharply. The figures marked the tenth consecutive month of falling imports. The devaluation of the yuan last month by the Chinese authorities dents the prospect of an improvement in the coming months. German exports and imports topped monthly records in July, showing the robustness of the eurozone’s growth engine but also the benefits of the European Central Bank’s policy of keeping the euro weak. Germany exported 103.4 billion euros ($116 billion) worth of goods in seasonally adjusted terms in July, 2.4% more than in the previous month. At the same time, imports grew by 2.2% to…

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