Chinese trade figures for June provided fresh evidence that the world’s second-largest economy was slowing even as inflation hit a three-year high, according to data released over the weekend.
The contradictory readings will further complicate Beijing’s attempts to maintain rapid economic growth while tackling price increases that have stoked discontent in the country.
China’s imports increased 19.3 per cent in June from the same month a year earlier, a sharp deceleration from May’s 28.4 per cent annual increase and well below what most economists were expecting.
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