China's trade declines
China's trade declines
Transcript
00:00 China's imports and exports are faring poorly, threatening a sluggish growth in the third
00:04 quarter.
00:05 Imports fell to 12.4 percent in July year-on-year, failing to meet forecasts by 5 percent.
00:12 Exports shrunk to 14.5 percent, higher than the expected 12.5 percent decline and the
00:17 previous month's 12.4 percent drop.
00:20 This faster-than-expected decline in China's imports and exports dimmed China's growth
00:24 prospects and compels the world's second-largest economy to search for ways to increase demand.
00:29 [MUSIC PLAYING]