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China reports biggest drop in exports since 2020
China reports biggest drop in exports since 2020
Business and Economy
by  AFP

China last month suffered its biggest drop in exports for more than two years, according to official figures Tuesday, as the world's second-largest economy struggles with sluggish global demand and a domestic slowdown. Meanwhile, imports fell for the ninth month in a row in July, shrinking 12.4 percent in a sign of sluggish domestic demand.

Asian markets struggle as traders fret over another Fed hike
Asian markets struggle as traders fret over another Fed hike
Business and Economy
by  AFP

Asian markets stuttered Tuesday on renewed concerns that the Federal Reserve will hike rates again, while ongoing worries about the Chinese economy added to the negativity. In early Asian trade, Hong Kong and Shanghai dropped ahead of the release of Chinese trade data, which is expected to show another sharp drop in exports as the world's number-two economy struggles to recover.