China's exports weaken, while imports rise in August

India Infoline News Service | Mumbai | September 08, 2017 18:52 IST

China's export growth weakened in August as global demand softened while imports showed unexpected strength despite expectations of a slowdown in the world's second-largest economy.

China's export growth weakened in August as global demand softened while imports showed unexpected strength despite expectations of a slowdown in the world's second-largest economy.

Exports rose 5.5% yoy to 199.2 billion, down from July's 7.2% growth, trade data showed. Imports rose 13.3% to USD 157.2 billion, up from the previous month's 11%.
 
"The strong import data suggests that domestic demand may be more resilient than expected," said Louis Kuijs of Oxford Economics in a report.
 
The International Monetary Fund expects this year's economic growth to slip to 6.6% from the last year's 6.7% and to below 6.2% in 2018.

China's global trade surplus declined by 19% in August from a year earlier to USD 42 billion. The politically sensitive surplus with the United States rose 4% to USD 26.2 billion.

 This week, Trump threatened to block imports from countries that do business with the North, China's main trading partner. Downside risks to exports remain, in particular in the area of US-China trade relations, believe the economist.

Disclaimer: The contents herein is specifically prepared by ‘Dalal Street Investment Journal’, and is for your information & personal consumption only. India Infoline Limited or Dalal Street Investment Journal do not guarantee the accuracy, correctness, completeness or reliability of information contained herein and shall not be held responsible.

 

Advertisements

  • Save upto Rs.2.67 lakh with Pradhan Mantri Awas Yojana ...Know more
  • Now Save Rs.3150 on your Demat Account ...Click here
  • Now get IIFL Personal Loan in just 8* hours...APPLY NOW!
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.