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China Issues Grim Trade Outlook
Originally published on Wed July 10, 2013 8:03 am
DAVID GREENE, HOST:
NPR's business news begins with China's grim trade outlook.
(SOUNDBITE OF MUSIC)
GREENE: Numbers from the month of June offered more evidence that the world's second-biggest economy might be losing steam. Exports from China fell by more than 3 percent from a year earlier. Imports were down, as well, by almost a percent.
This was a surprise, as analysts expected both numbers to go up. The figures can be partially explained by a government crackdown earlier this year on the use of fake invoicing, which had been exaggerating exports. Transcript provided by NPR, Copyright NPR.