China’s export slide to steepen in June, imports seen down: Reuters poll

News Snapshot:

BEIJING, July 12 (Reuters) - China's export slump is expected to have accelerated in June, as sluggish overseas economies struggling with inflation and rising interest rates buy up fewer goods from Chinese factories. Outbound shipments from the world's second-largest economy were projected to have fallen 9.5% year-on-year, following a drop of 7.5% in May, according to the median forecast of 30 economists in the poll finalised on Wednesday. That would be the worst decline since January, when China's supply chains were grappling with a wave of COVID-19 infections unleashed by the end of harsh pandemic-related restrictions. Chinese factory activity has...