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在线翻译:
szdaily -> Business
Exports growth slows as economy cools
    2017-November-9  08:53    Shenzhen Daily

THE country’s exports rose at a slower pace in October as expected, but imports growth beat forecasts in a sign domestic demand remained robust despite the crackdown on pollution that analysts say will reduce factory output and crimp overall economic growth.

October exports rose 6.9 percent from a year earlier, slightly lagging analysts’ forecast of a 7.2-percent increase, compared to the 8.1-percent growth in September, official data showed yesterday.

Imports grew 17.2 percent year on year in October, beating a forecast of 16-percent growth but slightly slower than the 18.7-percent rise in September.

That left the country with a trade surplus of US$39.17 billion for the month, according to a media calculation using data from the Administration of Customs.

Analysts had expected China’s trade surplus to have widened to US$39.5 billion in October from September’s US$28.61 billion.

The Asian giant’s trade with its largest export market, the United States, is in the spotlight this week as U.S. President Donald Trump arrived in Beijing yesterday for his first visit to China.

China’s trade surplus with the United States in October was US$26.62 billion, based on media calculations of official data, down from US$28.08 billion in September, even as its overall surplus with the rest of the world widened.

The weaker trade comes amid expectations of a renewed effort by policymakers to reduce debt risks and tighten rules to bring polluting factories to a heel, though also reflect weaker external demand, say analysts.

“The big picture is that both outbound and inbound shipments have softened recently, a trend that continued last month,” Capital Economics China economist Julian Evans-Pritchard wrote in a note.

“We suspect that this reflects a slight easing of growth in other emerging markets along with weaker domestic demand as a result of slower infrastructure spending.”

Even with some loss of momentum in the fourth quarter of the year, the country’s economic growth is still expected to easily meet or beat the government’s full-year target of around 6.5 percent.(SD-Agencies)

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