Arab Today, arab today china exports imports slow in july
Last Updated : GMT 18:41:23
Arab Today, arab today
Arab Today, arab today

China exports, imports slow in July

Arab Today, arab today

Arab Today, arab today China exports, imports slow in July

Beijing- AFP

China\'s exports and imports slowed for the second consecutive month in July, official data showed Friday, highlighting worsening conditions in the world\'s second-biggest economy. The figures -- sharply below market expectations -- add to concerns that China\'s economy is still losing steam despite government efforts to prop up growth and investment to lessen the impact of the global slowdown. Analysts said the weak data, combined with disappointing figures released Thursday, created further impetus for Beijing to announce more stimulus policies. China\'s exports grew at a marginal one percent in July from a year earlier to $176.9 billion, the General Administration of Customs said in a statement, down from the 11.3 percent gain seen in June. Imports rose 4.7 percent year-on-year to $151.8 billion last month, it said, compared with the June increase of 6.3 percent indicating slowing domestic demand.\\The trade surplus narrowed to $25.1 billion last month from $31.7 billion in June. China, the world\'s biggest exporter, has been hit by weakness in overseas economies including debt-ravaged Europe, a key trading partner, while a sluggish property market and softening consumer spending have also dragged. Exports to Europe fell 3.6 percent to $192.4 billion in the first seven months of the year from the same period in 2011, according to the data. Shipments to the United States, meanwhile, rose 11.4 percent year on year in the seven months through July to $195.4 billion. \"This complicates the prospects for an imminent recovery,\" IHS Global Insight economists Ren Xianfang and Alistair Thornton said regarding the July trade data. \"With the export sector losing speed faster than expected, the government\'s current investment stimulus plan looks woefully inadequate,\" they wrote in a research note. \"The government is likely to respond by ramping-up its stimulus efforts, with both monetary and fiscal guns firing.\" Zhang Zhiwei, an economist with Nomura International (HK) Limited, expects exports to remain weak in the coming months, as suggested by flat growth in imported parts for re-export purposes in July. \"The set of weak macro data puts more pressure on the government to loosen policies,\" he said in a note. China has already this year taken the rare step of slashing interest rates twice in quick succession while also lowering requirements for how much money banks must keep in reserve as it looks to spur lending. The consumer price index rose 1.8 percent last month year-on-year, the government also said Thursday, the lowest level since January 2010. Chinese shares closed down 0.24 percent in response to the latest figures on Friday. The benchmark Shanghai Composite Index slipped 5.29 points to 2,168.81. However, it rose 1.69 percent for the week on expectations of monetary easing. On Thursday the government announced that industrial production, which measures output at the country\'s factories, workshops and mines, and retail sales, the main measure of consumer spending, both slowed in July. Fixed-asset investment -- a key gauge of official spending on infrastructure and on which authorities are pinning hopes for a recovery -- rose 20.4 percent on year in the first seven months of the year, a weak performance by Chinese standards. The lower-than-expected increase in investment was in part due to a further cooling in China\'s property market, analysts said, as Beijing maintains a tight grip on the sector through measures such as bans on buying second homes and higher minimum down-payments. A slowdown in consumer price inflation in July for the fourth straight month is seen as giving authorities more room to further loosen monetary policy in a bid to boost the slumping 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 china exports imports slow in july Arab Today, arab today china exports imports slow in july

 



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 exports imports slow in july Arab Today, arab today china exports imports slow in july

 



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 Barcelona through George Orwell’s eyes

GMT 13:44 2017 Friday ,20 October

Barcelona through George Orwell’s eyes
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 Tillerson heads to Gulf, downbeat

GMT 09:23 2017 Friday ,20 October

Tillerson heads to Gulf, downbeat
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 Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Actress Shery Adel happy for Egypt’s qualification

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival

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 06:43 2017 Wednesday ,18 October

Fake dentists ply brisk trade

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid

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