( ) -q-21- UNDATED (Correspondent Jeremy House) “and consumer activity.” China has reported its exports tumbled 12.4% in June from a year earlier as demand weakened after central banks raised interest rates to curb inflation. [CutID: <Cuts> CHINA-EXPORTS-house-v-THUam.mp3 Time: 21s Title: CHINA-EXPORTS-house-v-THUam Out-cue: and consumer activity] TAG: Correspondent Jeremy House reporting. In the January-to-June period, […]
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China exports slumped 12.4% in June from a year earlier as global demand weakened
( ) -q-21- UNDATED (Correspondent Jeremy House) “and consumer activity.”
China has reported its exports tumbled 12.4% in June from a year earlier as demand weakened after central banks raised interest rates to curb inflation.
[CutID: <Cuts> CHINA-EXPORTS-house-v-THUam.mp3
Time: 21s
Title: CHINA-EXPORTS-house-v-THUam
Out-cue: and consumer activity]
TAG: Correspondent Jeremy House reporting. In the January-to-June period, China’s total trade including imports and exports fell nearly 5% from a year earlier. Exports slipped 3.2% and imports declined 6.7% as prices of commodities like oil fell and demand inside China also faltered.
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VERBATIM: Customs data showed imports slid 6.8%. Trade weakness adds to downward pressure on the world’s second-largest economy. Global consumer demand has weakened after the Federal Reserve and central banks in Europe and Asia raised interest rates to bring inflation down from near multi-decade highs by reining in business and consumer activity.