China's exports likely contracted further in July, imports downturn seen slowing

BEIJING: China's exports likely contracted further in July, as manufacturers in the world's second-largest economy struggled for buyers in markets grappling with high inflation and rising interest rates, a Reuters poll showed on Monday.

Data for July are expected to show a 12.5% fall in outbound shipments from a year earlier, following a drop of 12.4% in June, according to the median forecast of 28 economists in the poll.