Arab Today, arab today china august trade surplus widens to 267 bn
Last Updated : GMT 02:33:04
Arab Today, arab today
Arab Today, arab today

China: August trade surplus widens to $26.7 bn

Arab Today, arab today

Arab Today, arab today China: August trade surplus widens to $26.7 bn

Beijing- AFP

China\'s trade surplus widened to $26.7 billion in August as exports remained weak and imports registered a surprise fall, data showed Monday, adding to expectations of a new round of stimulus measures. The weak trade figures highlight waning strength in the world\'s second-largest economy, which has struggled as a broader global slowdown and the European debt crisis drag on exports. Exports increased 2.7 percent in August year-on-year to $178 billion, the General Administration of Customs said in a statement on its website. Imports fell 2.6 percent to $151.3 billion. The increase in exports in August outpaced the one percent gain registered in July and was also slightly better than the 2.5 percent increase forecast in a survey of economists by Dow Jones Newswires. The decline in imports, however, came as those economists had expected a 3.4 percent rise. Gross domestic product in China, a key engine of global growth, grew 7.6 percent in the second quarter through June, its worst performance in three years. The government is targeting full-year expansion of 7.5 percent this year, though that is well below the 9.3 percent recorded in 2011 and the 10.4 percent in 2010. Lu Ting, China Economist at Bank of America Merrill Lynch, said that the worsening situation is likely to tip Chinese authorities to push further stimulus measures. \"With worsening growth outlook and muted inflation pressure, we expect the government to take more action to support growth,\" he said in a report. Lu added that such efforts will likely focus on improvements to urban infrastructure and increasing the supply of land as well as two additional cuts by the central bank to reserve ratio requirements for banks and the easing of some curbs on lending. China has already taken steps this year to stimulate growth by cutting interest rates twice in quick succession and slashing the amount of funds banks must keep in reserve as methods to stimulate lending. The single digit growth in exports is in stark contrast to the government\'s goal of a gain of about 10 percent for 2012 made earlier this year. For the first eight months of this year external shipments were up 7.1 percent from the same period in 2011, Monday\'s figures showed. Imports rose 5.1 percent. The trade figures are the latest in a string of weak data that has confirmed a deepening slowdown in China\'s economy. Official figures Sunday showed that industrial output growth weakened in August to its slowest pace in more than three years while inflation ticked upwards. Production increased just 8.9 percent year-on-year -- the lowest result since a similar rise of 8.9 percent in the depths of the global economic crisis in May 2009. Consumer prices, meanwhile, accelerated slightly to rise 2.0 percent year-on-year as food prices increased 3.4 percent. Inflation stood at 1.8 percent in July.

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 china august trade surplus widens to 267 bn Arab Today, arab today china august trade surplus widens to 267 bn

 



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 china august trade surplus widens to 267 bn Arab Today, arab today china august trade surplus widens to 267 bn

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today What's the reason and what you can do

GMT 05:44 2017 Sunday ,22 October

What's the reason and what you can do
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Syrian children die of hunger

GMT 19:25 2017 Sunday ,22 October

Syrian children die of hunger
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Actress Mona Zaki praises husband’s role

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 10:18 2017 Saturday ,21 October

How to do open-heart surgery

GMT 13:44 2017 Friday ,20 October

Barcelona through George Orwell’s eyes

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
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