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Metals, oil fall on new signs of China’s slowdown

By Sandy Shore
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Industrial metals and oil prices are dropping as new signs of a slowdown in the Chinese economy suggest that demand for basic materials will weaken.

China said Tuesday that its trade growth plunged last month because demand softened in Europe and in the U.S. Imports grew at a rate of 6.3 percent, about half the level in May. Export growth was 11.3 percent, compared with 15.3 percent in May.

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