DAVID GREENE, HOST:
NPR's business news begins with China's grim trade outlook.
(SOUNDBITE OF MUSIC)
GREENE: Numbers from the month of June offered more evidence that the world's second-biggest economy might be losing steam. Exports from China fell by more than 3 percent from a year earlier. Imports were down, as well, by almost a percent.
This was a surprise, as analysts expected both numbers to go up. The figures can be partially explained by a government crackdown earlier this year on the use of fake invoicing, which had been exaggerating exports.
NPR transcripts are created on a rush deadline by Verb8tm, Inc., an NPR contractor, and produced using a proprietary transcription process developed with NPR. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.