China’s glorified comeback from Covid-19 lockdowns turned out to be a lot more dismal than anticipated. China faced a sharper-than-anticipated decline in both imports and exports last month, shedding light on challenges to the recovery trajectory of the world’s second-largest economy. According to customs data cited by Reuters, imports tumbled 12.4% year-on-year in July, a … Continue reading China’s Trade Unexpectedly Plummets Amid Weaker Global Demand