Chinese exportsand imports fall sharply in March
China's latest trade data adds to recentconcerns of a slowdown
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China's exports and imports fell sharplyin March, adding to recent indicators pointing to a slowdown in the world'ssecond-largest economy.
The country's exports fell by 6.6% inMarch when compared with the previous year.
Imports dropped by 11.3% in the samemonth, when compared with the same time last year.
This is the second straight month of fallingexports for China. In February, exports dropped by 18.1%.
It is the first time since 2009 thatexports have fallen for two months in a row.
Slower growth?
The export decline in February wasmainly attributed to weaker demand due to the Lunar New Year holiday period,which led to closures of many businesses and factories.
Analysts had been expecting to see anincrease in both import and exports for the month of March.
The March trade figures will add torecent concern about the state of the Chinese economy, which has shown signs ofweakness amid poor data from the manufacturing and retail sectors.
Recent dataindicated weak growth in China's manufacturing sector
The latest trade figures come days afterthe World Bank trimmed its growth forecast for China to 7.6% for this year fromits earlier forecast of 7.7%.
The latest trade data leaves China witha trade surplus of $7.7bn (£4.6bn) in March, a turnaround from a deficit of$23bn in February.
"Looking ahead, improvingconditions in developed economies should continue to support Chineseexports," said Julian Evans-Pritchard of Capital Economics.
"In contrast, we expect importgrowth to remain relatively weak as slowing investment spending is likely toweigh on imports of commodities and capital goods. As a result, China's tradesurplus is likely to rebound further over the coming year."
China last week unveiled a mini-stimuluspackage to boost growth, which included more spending on rail infrastructureand tax breaks for small businesses.
The Chinese government is aiming fortotal trade to grow 7.5% this year. Last year trade grew by 7.6%, below theofficial target of 8%.
收集：彭建
后期：谢天扬
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China's latest trade data adds to recentconcerns of a slowdown
Continuereading the main story[an error occurred while processing this directive]
China's exports and imports fell sharplyin March, adding to recent indicators pointing to a slowdown in the world'ssecond-largest economy.
The country's exports fell by 6.6% inMarch when compared with the previous year.
Imports dropped by 11.3% in the samemonth, when compared with the same time last year.
This is the second straight month of fallingexports for China. In February, exports dropped by 18.1%.
It is the first time since 2009 thatexports have fallen for two months in a row.
Slower growth?
The export decline in February wasmainly attributed to weaker demand due to the Lunar New Year holiday period,which led to closures of many businesses and factories.
Analysts had been expecting to see anincrease in both import and exports for the month of March.
The March trade figures will add torecent concern about the state of the Chinese economy, which has shown signs ofweakness amid poor data from the manufacturing and retail sectors.
Recent dataindicated weak growth in China's manufacturing sector
The latest trade figures come days afterthe World Bank trimmed its growth forecast for China to 7.6% for this year fromits earlier forecast of 7.7%.
The latest trade data leaves China witha trade surplus of $7.7bn (£4.6bn) in March, a turnaround from a deficit of$23bn in February.
"Looking ahead, improvingconditions in developed economies should continue to support Chineseexports," said Julian Evans-Pritchard of Capital Economics.
"In contrast, we expect importgrowth to remain relatively weak as slowing investment spending is likely toweigh on imports of commodities and capital goods. As a result, China's tradesurplus is likely to rebound further over the coming year."
China last week unveiled a mini-stimuluspackage to boost growth, which included more spending on rail infrastructureand tax breaks for small businesses.
The Chinese government is aiming fortotal trade to grow 7.5% this year. Last year trade grew by 7.6%, below theofficial target of 8%.
收集：彭建
后期：谢天扬
===============================================================================
===============================================================================
===============================================================================
欢迎致订SUFE-ERC学术班微信公众平台！
如果大家对我们的工作有好的建议，或是
有宝贵的资源愿意与大家分享，请向我们
邮箱投稿，不胜感激！也欢迎登陆我们的
贴吧论坛，发表您的观点评论或参与话题
讨论，激荡思维！
我们的邮箱：xueshuban321@126.com
我们的论坛（百度）：（sufe_erc学术班）
http://tieba.baidu.com/f?kw=sufe_erc%D1%A7%CA%F5%B0%E0&fr=index
