The value of imports also fell by more than expected. Down 12. 4 onjuly a year ago, but that partly reflects a fall in the price of commodities such as crude oil. The figures will concern chinas government who are grappling with economic growth. The quarterly Growth Figure was just 0. 8 in the april tojune period as the country continued its post covid recovery. And last month chinas struggles were cited as a key concern for the Global Economy when the International Monetary fund updated its Global Growth forecast for this year to 3 . David woo is a former imf economist and wall street strategist, hejoins me now from tel aviv. Its a grim picture for china, isnt it . The third consecutive month of decline. Whats going wrong for them . ,. , decline. Whats going wrong for them . ,. ,. ,. , them . Some people are going to say its ust them . Some people are going to say its just basically them . Some people are going to say itsjust basically a them . Some people are going to say itsjust bas
Of the Global Economy given so many countries do so much trade with china. Chinese Government Data shows that the value of exports fell 14. 5 compared to the same month a year ago. That suggests the rest of the world is buying less stuff. The value of imports also fell by more than expected, down 12. 4 onjuly a year ago. But that partly reflects a fall in the price of commodities such as crude oil. The figures will concern chinas government, who are grappling with economic growth. The quarterly Growth Figure was just 0. 8 in the april tojune period, as the country continued its post covid recovery. And last month, chinas struggles were cited as a key concern for the Global Economy when the International Monetary fund updated its Global Growth forecast for this year to 3 . David woo is a former imf economist and wall street strategist and has been telling me what he makes of the numbers. You know, like some people are going to say, well, this is just basically a reflection of the curren
with president biden at the white house on thursday. it promises cooperation on advanced tech, clean energy and critical minerals. but it falls far short of the comprehensive free trade agreement with the us that the british government has been hoping for and had promised as a benefit of leaving the european union. our north america business correspondent michelle fleury has hopes of a full free trade deal were dashed sometime ago because it was clear that biden had been interested in that. there were noises for some time that we might get something more about an alliance against external threats to economic security and furthering ambitions on net zero. while this might seem like a pick and mix trade alliance, little bits here when it comes to talking about protecting supply chains, a little bit about making it easier to swap data between us and american firms and a little bit here about green energy and nuclear, it is very much tied together in looking at what of those co
for a new age a kind that has never been agreed before that s how uk prime minister rishi sunak is billing the atlantic declaration he signed with president biden at the white house on thursday. it promises cooperation on advanced tech, clean energy and critical minerals. but it falls far short of the comprehensive free trade agreement with the us that the british government has been hoping for, and had promised as a benefit of leaving the european union. our north america business correspondent michelle fleury has been looking at the details. gone was the mention of an all encompassing trade deal promised in the wake of brexit. in its place, a commitment to co operate on defence, trade, a deal on data protection and ways to regulate new ai deal on data protection and ways to regulate new al to ology. the uk prime minister failed this approach is a better response to the challenges the two countries face. . ., ., . challenges the two countries face. ., . ., ., , , face.
live from mouth to in singapore, this is bbc news. it is live from mouth to in singapore, this is bbc news. live from mouth to in singapore, this is bbc news. it is newsday. live from our this is bbc news. it is newsday. live from our studio this is bbc news. it is newsday. live from our studio in this is bbc news. it is newsday. live from our studio in singapore. i hello and welcome to the programme. president xi of china is on a state visit to russia, where he s been warmly greeted by president putin. the summit has been the focus of a good deal of speculation following the publication of china s plan to settle the acute crisis in ukraine. mr putin said that moscow was always open to negotiation. but the americans have already warned that the chinese peace plan could be a just a delaying tactic. the visit comes just days after the international criminal court issued an arrest warrant for president putin, in relation to alleged war crimes. from moscow, our rus