China’s export-import growth slips

China’s export-import growth slips

China suffered a minor setback in the growth of its exports and imports during July this year, newly revealed trade data showed. Some analysts warned that weaker import growth could be signaling a long-expected slowdown in the world’s second-biggest economy.

Raymond Yeung, chief economist for Greater China at Hong Kong-based ANZ, said, “External demand is not really worrying in terms of the outlook. But we have to be cautious about the import outlook.”

In the month under review, China’s export and import growth slowed to 7.2 per cent and 11 per cent, respectively. Exports cooled from an 11.3 per cent growth in June. Growth in imports slipped from 17.2 per cent in the previous month.

Analysts had expected the Asian country’s exports and imports to grow 10.9 per cent and 16.6 per cent in July, respectively.

The less than expected growth in China’s exports and imports have raised concerns over whether worldwide demand has started to cool even as many western central banks are considering rolling back of massive stimulus support.

News: 
Location: 

Popular Stories

China’s export-import growth slips

China suffered a minor setback in the growth of its... Read More

Renault signs new JV in Iran

French carmaker Renault has confirmed that it has... Read More

Activist Investor Ackman wants five ADP board seats

After acquiring an 8 per cent stake in Automatic... Read More

Yoga can efficiently ease depression: Research

Yoga can not only efficiently help relax your body... Read More

Facebook preparing to demote slow-loading stories on News Feed

Facebook, the world’s largest social network, is... Read More

Facebook reportedly working on dedicated video chat device

Social-networking giant Facebook is reportedly... Read More