This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-23251089
The article has changed 5 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| China reports weaker than expected trade data | China reports weaker than expected trade data |
| (35 minutes later) | |
| China has reported an unexpected fall in its exports and imports, adding to concerns of a slowdown in its economy. | China has reported an unexpected fall in its exports and imports, adding to concerns of a slowdown in its economy. |
| Exports fell 3.1% in June from a year earlier, indicating weak global demand for Chinese goods. Most analysts had expected a 4% increase in shipments. | Exports fell 3.1% in June from a year earlier, indicating weak global demand for Chinese goods. Most analysts had expected a 4% increase in shipments. |
| Imports fell 0.7% from a year ago, showing a subdued domestic demand. | |
| China, the world's second-largest economy, has been keen to rebalance its economy, after a decline in global demand hurt its export-led growth. | |
| China's economy grew at an annual pace of 7.7% in the January to March quarter, compared with 7.9% in the previous three months. | |
| There have been concerns that its growth may slow further, not least because of a protracted slowdown in its key export markets in the US and Europe. | |
| At the same time, policymakers have found it tough to boost domestic consumption enough to offset a decline in foreign sales. | |
| Analysts said the surprise fall in exports and imports in June indicated that China's economic growth was likely to remain under pressure in the coming months. | |
| "We expect both export and import data may remain at a relatively low level in the second half, due to weak demand at home and abroad," said Wang Jin, an analyst at Guotai Junan Securities in Shanghai. |