Weaker demand for Chinese goods in most global markets led to a drop in exports for the second consecutive month, as the economy continued its struggle to regain momentum. China’s exports fell 5.5% in August from a year earlier in dollar terms, after a drop of 8.3% in July, data from the General Administration of Customs showed Tuesday. Customs said in a statement that China’s exports will continue to face “relatively big pressure” in the fourth quarter. Export weakness last month was broad-based, ANZ economist Li-Gang Liu said, with shipments to the U.S., European Union, Japan and Southeast Asia all down. Earlier this year, the World Trade Organization lowered its 2015 global trade forecast to 3.3% from 4%. Imports in August fell 13.8% in dollar terms from a year earlier, compared with a 8.1% decrease in July, fueling another significant trade gap, Customs said. China’s trade surplus widened in […]