China’s U.S.-bound shipments fall in July after brief recovery, survey shows
Chinese exports to the U.S. declined in July following a brief surge in June, according to a China Beige Book survey. The report also highlights a broader slowdown in factory activity, employment, and retail sales across China.
Why it matters
This data suggests that China's economic recovery remains fragile and sensitive to trade tensions and shifting global demand.
BEIJING — One of the Chinese economy's few growth drivers lost steam in July, according to the latest survey of businesses by China Beige Book.
"U.S.-bound shipments fell outright for the first time in several months," the U.S.-based research firm said Friday. The findings are based on a survey of 1,436 Chinese businesses between July 20 and 28.
The last time China's exports to the U.S. fell was in March, when they plunged more than 26% from a year ago, in line with the general trend of double-digit declines since trade tension escalated in April 2025, according to official data accessed via Wind Information.
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