While the widespread reach of a global economic slowdown is seen as the primary reason behind China's sharp drop in exports, economists and trade experts warn that the impact of 'de-risking' efforts by developed countries cannot be underestimated, as 'the worst is yet to come'. Chinese exports suffered their steepest decline in June since the early months of 2020, tumbling by 12.4 per cent compared with a year earlier, after turning negative growth and dropping by 7.5 per cent in May.  The June slump occurred across most of China's trading partners, including developed and emerging economies - except for Russia, to which Chinese exports increased by 91 per cent, year on year.

http://klse.i3investor.com/web/blog/detail/kianweiaritcles/2023-08-06-story-h-243710094-China_exports_US_EU_de_risking_isn_t_going_away_the_worst_is_yet_to_com

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