China's exports stopped growing last month, compared to June's level, and were a mere 1 percent higher than the year-earlier period, the world's second-largest economy said Friday.
July's weakness contrasts with June's 11.3 percent increase, the Telegraph reported, in another sign that increased domestic lending and more infrastructure spending has not piqued demand as hoped.
"Things really aren't going China's way," Alistair Thornton, an economist at IHS Global Insight in Beijing, said in a note. "Those looking for signs of resilience in China's economic data were merely disappointed yesterday, but they are going to be distraught today."
