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RAYC - U.S.-China Trade Growth Slows Further In July 2021
Rayliant Quantamental China Equity ETF
The growth of trade between the U.S. and China flashed warning signs in July 2021.
While U.S. exports to China showed year-over-year growth, the growth rate in the value of goods imported to the U.S. from China turned slightly negative for the first time since August 2020, suggesting the onset of stalled growth conditions for the U.S. economy.
The change reversed the positive trend of growth that began in August 2020 with the post-Coronavirus Recession trade recovery between the two countries.