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Al Jazeera
Al Jazeera
Business

China’s exports plunge most in 3 years amid higher interest rates

China's exports have plummeted amid slowing global demand [File: Aly Song/Reuters]

China’s exports have plunged the most in three years as higher interest rates worldwide dampen demand for Chinese goods.

Chinese exports fell 12.4 percent in June compared with a year earlier, customs data released on Thursday showed.

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