Aussie miners will “hurt considerably” as China slows

News that China's exports and imports slowed for the second consecutive month in July is "definitely not good news" for Australian mining companies, says a UK analyst.

Credit Agricole director of market strategy Adam Myers told Bloomberg China's poor trade data showed economic woes in Europe and the US were not getting better.

Eying a "deteriorating" trade picture in China Myers said the weakness would dent global commodity prices.

He also said raw material producers would "hurt quite considerably" as China slowed, and Australian companies were over reliant on strong performance from the Asian powerhouse.

Listen to Bloomberg's full interview of Myers here.

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