Ground News China posts record $101 billion trade surplus but export boom could fade


Source: ground.news ground.news

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Summary by Ground News China's export sector delivered robust growth in July, providing much-need support for the world's second largest economy. Strong demand from Southeast Asia, Europe, and Russia propped up the exports in July. China is grappling with mounting domestic challenges, including rigid Covid lockdowns, frail consumption, and a slumping housing market. 2 hours ago