[Xinhua] News Analysis: Causes of declines in China’s foreign trade

China`s foreign trade registered a decrease of 8.8 percent to 2.12 trillion yuan in July from the same period last year, and a 7.3 percent drop year on year to 13.63 trillion yuan in the first seven months of 2015, according to the latest data from the General Administration of Customs (GAC). Analysts attribute the decrease in China`s foreign trade mainly to sluggish external demand, especially exports to the European Union (EU) and Japan.

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