-
Advertorial
-
FOCUS
-
Guide
-
Lifestyle
-
Tech and Vogue
-
TechandScience
-
CHTF Special
-
Nanhan
-
Futian Today
-
Hit Bravo
-
Special Report
-
Junior Journalist Program
-
World Economy
-
Opinion
-
Diversions
-
Hotels
-
Movies
-
People
-
Person of the week
-
Weekend
-
Photo Highlights
-
Currency Focus
-
Kaleidoscope
-
Tech and Science
-
News Picks
-
Yes Teens
-
Fun
-
Budding Writers
-
Campus
-
Glamour
-
News
-
Digital Paper
-
Food drink
-
Majors_Forum
-
Speak Shenzhen
-
Business_Markets
-
Shopping
-
Travel
-
Restaurants
-
Hotels
-
Investment
-
Yearend Review
-
In depth
-
Leisure Highlights
-
Sports
-
World
-
QINGDAO TODAY
-
Entertainment
-
Business
-
Markets
-
Culture
-
China
-
Shenzhen
-
Important news
在线翻译:
szdaily -> Business_Markets
Exports, imports grow more slowly than expected in July
    2017-August-9  08:53    Shenzhen Daily

CHINA’S exports and imports grew more slowly than expected in July, raising concerns over whether global demand is starting to cool even as major Western central banks consider scaling back their massive stimulus programs.

China and Europe have been driving an increasing share of global growth this year as political conflict stymies stimulus policies being pushed by U.S. President Donald Trump.

But China’s export growth slowed to 7.2 percent in July from a year earlier, the weakest pace since February and cooling from an 11.3 percent rise in June, official data showed yesterday. Analysts had expected a 10.9 percent gain.

Imports rose 11 percent, the slowest growth since December and down from a 17.2 percent rise in the previous month. That also missed expectations of 16.6 percent growth.

That left the country with a trade surplus of US$46.74 billion for the month, the highest since January, compared with forecasts for US$46.08 billion and above June’s US$42.77 billion.

“China’s trade surplus actually is heading downward if you look at a year-on-year comparison,” said Gai Xinzhe, an analyst at Bank of China’s Institute of International Finance in Beijing. “In the meantime, the July figures give China a little better position at the negotiation table with Trump. Clearly, China can say we have done much work to balance our trade relations, and here are the numbers.”

The July trade figures are preliminary, with revised data due July 23.

“Despite an uptick at the end of the second quarter, [China’s] trade growth now appears to be on a downward trend. In particular, the sharp decline in import growth since the start of the year suggests that domestic demand is softening,” Capital Economics said in a note.

Improving global demand has boosted exports for China and other trade-reliant Asian economies in recent months after several lean years of declining shipments, but investors have been more focused on its strong appetite for imports, particularly for industrial commodities such as iron ore and coal, which have sparked a global price rally.

China’s trade surplus with the United States, its largest export market, rose 5.9 percent in the first seven months of this year to US$142.75 billion compared with the year-ago period, even as China’s overall trade surplus has declined this year.

China’s surplus with the United States was US$25.2 billion in July, nearly unchanged from June’s US$25.4 billion, which was the highest since October 2015.

Trump is close to a decision on how to respond to what he considers China’s unfair trade practices.

But America’s appetite for Chinese goods appears to have only increased over the years.

The surplus with the United States accounted for over 60 percent of China’s total surplus in the first half, compared with just 44 percent in the year-ago period, according to China customs data.

China has said that trade between China and the United States benefits both sides and that China is willing to work with the United States to improve their trade relationship.

The United State and China failed last month to agree on major new steps to reduce the U.S. trade deficit with China.

A China’s vice commerce minister said last week that China’s foreign trade faces a mostly positive environment in the second half of the year, but instability and uncertainties still exist.

(SD-Agencies)

 

深圳报业集团版权所有, 未经授权禁止复制; Copyright 2010, All Rights Reserved.
Shenzhen Daily E-mail:szdaily@szszd.com.cn