One of the big claims made by the leave campaign is that we will be able to sign trade deals with other fast growing countries once we are free of the EU. China is often given as an example of economies that the EU does not have a trade deal with. Yesterday the BBC reported figures showing that exports from China fell in July by 4.4%, the twelfth month out of the last thirteen where exports from China fell (HERE).
If there was a single indicator of how global trade is suffering at the moment it is this. And just as we are about to launch ourselves into a flurry of trade deals across the world.
The BBC also note Chinese imports fell by 12.5%.
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