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China Foreign Trade Data Raised Concerns in March

From: Qianzhan Business Information Time: 2014-04-12 09:57:55
Summary: The latest data released Thursday showed that in March this year, China's exports fell 6.6 percent in March, imports fell 11.3%. These data become the latest evidence of China's economic weakness

China

The latest data released Thursday showed that in March this year, China's exports fell 6.6 percent in March, imports fell 11.3%. These data become the latest evidence of China's economic weakness

This is the second consecutive month of China's exports fell. However, exports fell even more sharply in February, decline 18.1 percent on year.

Imports fell more than exports, so China in March to achieve a small surplus of $ 7 billion, compared with February's $ 23 billion trade deficit occurs sharply reversed.

At the beginning of this year, Chinese exports weak, prompting many analysts has lowered expectations for China's economic growth. Currently, most analysts expect Chinese growth will fall to 7.4 percent this year, down from 7.7% last year, the lowest level since 1990.

March import and export data published, then China's stock market fell, the Hang Seng China Enterprises Index has fallen 1.3%.

The good news is that, according to “China Oil Industry Market Report”, in March China's oil imports increased by 8.3% on year. This may result in import and export data analysts doubt whether true reflection the soundness of Chinese industrial production. Despite exports reduced significantly, but ANZ drawn chart shows, China's cargo throughput of the port has been at a high level, the world's factory China is not currently a major area of depression.

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