Shanghai's index dropped 2.9% after data showed that China's trade surplus surged to $28.7B in...

|By:, SA News Editor

Shanghai's index dropped 2.9% after data showed that China's trade surplus surged to $28.7B in July, as exports soared 38.1% from a year earlier and imports rose a less-than-expected 22.7%. Soft Chinese demand for inbound goods and services could have negative implications for the global recovery.