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China trade growth in decline
China trade growth in decline

China's July trade growth suffered an unexpectedly sharp decline in a new sign of weakness for the world economy.

Customs data released today showed exports rose just one per cent over a year earlier, down from June's 11.3 per cent growth rate and below forecasts of about 5 per cent.

Imports rose 4.7 per cent, down from the previous month's 6.3 per cent.

The data reinforce indications the economy is still weak despite repeated government stimulus efforts.

China's trade growth has fallen steadily this year as global demand for its exports cooled and efforts to boost domestic consumption have had only a limited impact.