China's U.S.-Bound Exports Decline in July Amid Trade Tensions
China's exports to the U.S. experienced a decline in July, marking the first drop in several months, according to a survey by China Beige Book. This downturn follows a brief recovery in June, where exports rose by 14%. The decline is attributed to ongoing trade tensions and the anticipation of higher U.S. tariffs. The survey, conducted between July 20 and 28, involved 1,436 Chinese businesses. The report also noted a slowdown in factory activity and a decrease in retail sales, highlighting broader economic challenges facing China. 
