Maybe this article brings some light into the dark:

https://www.asiafinancial.com/chinas-trade-to-the-us-and-eu-sank-further-in-july-data-shows

Quote:
While the weakness in the value of imports reflects poor demand, falls in commodities prices have also exacerbated the headline declines, analysts say.

“Most measures of export orders point to a much greater decline in foreign demand than has so far been reflected in the customs data,” Julian Evans-Pritchard, head of China economics at Capital Economics, said.

“And the near-term outlook for consumer spending in developed economies remains challenging, with many still at risk of recessions later this year, albeit mild ones.”