china\s trade surplus widens to 2227 billion
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

China's trade surplus widens to $22.27 billion

Arab Today, arab today

Arab Today, arab today China's trade surplus widens to $22.27 billion

Shanghai - AFP

China's politically sensitive trade surplus expanded to $22.27 billion in June, rising sharply from the previous month as the value of exports hit a new record high, government data showed Sunday. The trade surplus a major point of tension for China's key trade partners, the United States and Europe outstripped May's $13.05 billion surplus and an economists' forecast for $14.3 billion. Export growth slowed last month, expanding at 17.9 percent year-on-year to a record $161.98 billion but still a record high for a single month based on previous data customs authorities said in a statement. Imports rose a slower-than-expected 19.3 percent on-year. A Dow Jones Newswires survey of 14 economists had predicted a 19.2 percent rise in exports from a year earlier. The economists had expected June imports to expand 26.8 percent on-year. The slowing exports could help ease concerns that China's currency is being kept artificially low giving it unfair trade benefits. China's export price advantage had been hurt by yuan appreciation and higher domestic costs, Zheng Yuesheng, director of the customs agency's statistics department told reporters in Beijing on Sunday. He warned China's trade growth faced increased pressure from a "slow global economic recovery full of uncertainties," the lingering euro zone debt crisis and the unstable political situation in the Middle East and north Africa. March's earthquake in Japan also set back trade between the two countries, Zheng said. Analysts have played down concerns of a potential hard landing for the Asian powerhouse spurred by persistent government efforts to stem credit inflows and tame inflation, which hovers above five percent. Growth in China's manufacturing sector almost stalled in June and year-on-year auto sales have fallen for two straight months as the government fights to dampen inflation. China said on Saturday its inflation rate accelerated in June to the highest level in three years, as the government struggles to rein in soaring food costs. The country's consumer price index rose 6.4 percent in June, the National Bureau of Statistics said in a statement, the highest level since June 2008 when the inflation rate reached 7.1 percent. The government has said it expects price pressures to ease in the second half. Some analysts are concerned Beijing might go too far in tightening monetary policy and trigger a sharp slowdown in the world's second largest economy which could have dire consequences for the world.

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*

china\s trade surplus widens to 2227 billion china\s trade surplus widens to 2227 billion

 



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*

china\s trade surplus widens to 2227 billion china\s trade surplus widens to 2227 billion

 



GMT 10:06 2012 Saturday ,28 July

Querrey advances at ATP LA Open

GMT 21:15 2017 Thursday ,01 June

Trump condemns deadly Kabul explosion

GMT 02:15 2017 Thursday ,24 August

Is your country on the Qatar free entry list of 80?

GMT 19:48 2016 Monday ,03 October

Controversial boxing champ Tyson Fury retires

GMT 08:20 2015 Tuesday ,08 December

PC market woes show no sign of easing

GMT 17:27 2017 Tuesday ,25 April

20 Yemeni soldiers killed, injured in explosion

GMT 11:52 2017 Saturday ,30 December

OIC condemns Mar Mina Church attack

GMT 00:03 2017 Saturday ,25 March

Arab Meeting to Examine Anti-Corruption Methods

GMT 13:12 2017 Thursday ,20 April

Deputy premier meets Arab League chief

GMT 14:13 2014 Friday ,10 January

Opel Astra GTC

GMT 18:27 2016 Tuesday ,02 August

Turkish Foreign Minister arrives in Islamabad

GMT 11:27 2016 Tuesday ,13 December

Saudi woman arrested for challenging social norms
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

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday