SHANGHAI • China's imports tumbled last month, adding to concerns about the health of the world's second-largest economy and its contribution to global growth.
Imports dived 13.8 per cent from a year earlier, far more than the dip of 8.2 per cent forecast by analysts, and the 10th consecutive monthly drop, reflecting both lower global commodity prices and sluggish demand.
A surprise devaluation in the yuan early last month, combined with slowing consumer demand, will dent the prospects of imports picking up significantly soon.
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Correction in Chinese equity market
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Slowing consumer demand
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World second largest economy