Beatie on China/US

Q&A Schwartz & Beattie / China Economy / China announced today (Wednesday) that both exports and imports unexpectedly dropped in June, with a Chinese customs spokesman warning the third quarter's export outlook is "grim." China's report comes as the International Monetary Fund this week predicted slower global growth with a warning that China, the world's second-largest economy, faces a risk of a "large decrease in growth." China says export growth in June declined more than 3% , while imports fell 0.7% resulting in a fall of its trade surplus to just over $27 billion in June. Stephen Schwartz, chief economist for Asia, at the Hong Kong-based Banco Bilbao Vizcaya, tells VOA's Victor Beattie the numbers are disappointing.