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Trade numbers expose China weakness

Chinese imports fell in August while exports grew less than expected in the latest sign of weakness in the world’s second-largest economy.

Overall Chinese imports dropped 2.6 per cent in August from a year earlier while exports increased just 2.7 per cent.

The export growth was higher than July’s 1 per cent increase but far below the double-digit growth rates China’s export-driven economy has become accustomed to over the past decade.

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