China exports slumped in June from year earlier as global demand weakened

The Yangshan container port in Shanghai, China (Chinatopix via AP)

China’s exports tumbled 12.4% in June from a year earlier as demand weakened after central banks raised interest rates to curb inflation, even as Chinese leaders struggled to keep a post-Covid recovery from faltering.

Customs data released on Thursday showed imports slid 6.8% to 214.7 billion dollars (£165.1 billion).