China's U.S.-bound Shipments Decline for First Time Since March, Survey Shows
According to China Beige Book, shipments of goods bound for the United States fell outright in July after a brief recovery seen in June. The survey covered 1,436 Chinese businesses between July 20 and July 28. In contrast, exports rose by 14% in June, contributing to an overall export surge of 27%, marking one of the strongest performances in nearly five years. The decline in U.S.-bound shipments is attributed to a slowdown in factory activity and weaker employment growth across sectors. Retail sales also dropped from both the previous month and year-ago period, with travel and restaurants experiencing sharp declines. Chinese policymakers have emphasized expanding domestic demand and international trade cooperation while prioritizing technological advancements. Official July export data will be released on August 7, followed by retail sales and investment figures on August 17.
Topics: China economic slowdown exports U.S. trade