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Year-on-year export growth slowed to 38.1% in July from June's 43.9% annual rise.
In fact, last week's bad news cull included a record year-on-year export drop of 23.5percentt.
It is also an early test for the new generation of China's leaders, who will be called upon to handle inevitable diplomatic frictions as the country attracts tens of billions of dollars annually in foreign investment and posts year-on-year export growth of more than 20percentt, much faster than other major economies.
"In the second quarter, we'll look for an average of 9.9% year-on-year export growth and 11.7% import growth," he said.
The pilot ejected to safety.China sneezesIn China, year-on-year exports fell by 2% in November, with imports down by 18%.
The economy is worsening fast: in December year-on-year exports fell by 35%; surveys of consumer confidence are at all-time lows; while the central bank talks of an economic "emergency".
Little is present that dispels a lingering image of 2009 when Germany's year-on-year exports declined about 20 percent, its banks' poison assets rose into the hundreds of billions while many of their credit ratings fell, and the Grand Coalition preposterously insisted the country was an example of probity.
Trade in December, according to figures from China's customs office, showed a massive 17.7% year-on-year jump in exports, dramatically outpacing a forecast for 4% growth.
He said there had not been a clear rebound in external demand despite two consecutive months of year-on-year gains in exports, including a 21 percent increase in January.
In this article from Barron's it is reported that China had "an 8%-plus year-on-year plunge in exports for July".
Year-on-year figures show that export growth is slowing: in March exports rose by 7% compared with a year earlier.
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