Arab Today, arab today chinas july trade surplus down 10 to ¥263bn
Last Updated : GMT 16:04:17
Arab Today, arab today
Arab Today, arab today

China's July trade surplus down 10% to ¥263bn

Arab Today, arab today

Arab Today, arab today China's July trade surplus down 10% to ¥263bn

China's exports plunged
Shanghai - AFP

China turned in a dismal foreign trade performance in July, with its trade surplus falling 10 percent on the year to around 263.0 billion yuan ($43.1 billion), customs said on Saturday, which could spell more worry for the world's second largest economy.

Exports plunged 8.9 percent year-on-year to 1.19 trillion yuan, while imports dropped 8.6 percent to 930.2 billion yuan, it said in a statement on its website.

Exports are a key driver of China's economic growth, while falling imports can indicate weak domestic demand.

A stronger yuan currency, which makes China's exports more expensive, has hurt the country's overseas sales, analysts say.

"The yuan has been stronger against the euro, and it's hurting Chinese exports to Europe," Li Miaoxian, a Beijing-based economist at Bocom International Holdings Co., was quoted by Bloomberg News as saying.

China's economy, a key driver of global growth, expanded 7.4 percent last year, its weakest since 1990, and has slowed further this year, growing 7.0 percent in each of the first two quarters. The government has targeted annual economic growth of around 7.0 percent for all of 2015.

The People's Bank of China, the central bank, in June announced its latest cut in interest rates, marking the fourth such move since November to boost lending as a driver for the economy.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today chinas july trade surplus down 10 to ¥263bn Arab Today, arab today chinas july trade surplus down 10 to ¥263bn

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today chinas july trade surplus down 10 to ¥263bn Arab Today, arab today chinas july trade surplus down 10 to ¥263bn

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday