久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

US EUROPE AFRICA ASIA 中文
Business / Economy

July exports decline by 8.3%

(Agencies) Updated: 2015-08-10 08:11

China's exports declined more than expected in July, hobbled by a strong yuan and lower demand in the European Union, and adding pressure on the government to stabilize growth.

Overseas shipments fell by 8.3 percent from a year earlier, the customs administration revealed over the weekend. The reading was well below the estimate for a 1.5 percent decline in a Bloomberg survey and compared with an increase of 2.8 percent in June. Imports dropped 8.1 percent, widening from a 6.6 percent decrease in June, leaving a trade surplus of $43 billion.

Along with weak domestic investment, subdued global demand is putting China's 2015 growth target of about 7 percent at risk. The government has rolled out fresh pro-expansion measures, including special bond sales to finance construction, but has held off weakening the yuan as China seeks reserve-currency status for the yuan.

"Exports are no longer an engine for China growth-no matter what the government does, it's just impossible to see strong export growth as in the past," said Bank of Communications economist Liu Xuezhi. "It means additional slowdown pressure, and it requires the government to be more aggressive in the domestic market."

EU Exports

China's exports to the European Union fell by 2.5 percent in the first seven months of 2015 from a year earlier, while shipments to Japan dropped by 10.5 percent. One bright spot was exports to the US, which expanded by 9.3 percent.

Tom Orlik, chief Asia economist at Bloomberg Intelligence, wrote in a research note on Saturday that the slump in exports "compounds downward pressure on China's economy and threatens to bring exchange rate depreciation onto the table as a tool to restore competitiveness".

The People's Bank of China has adopted a viselike grip on the yuan, allowing little movement of the currency in the onshore market. The currency's closing levels in Shanghai this week matched the tightest range recorded since a fixed exchange rate ended a decade ago.

"On a trade weighted measure, China's yuan appreciated sharply since 2014," said Liu Li-Gang, chief Greater China economist at Australia & New Zealand Banking Group Ltd. in Hong Kong. "Meanwhile, external demand remains weak as also shown by the poor export turnout in Taiwan and South Korea."

Oil Imports

While Chinese imports declined in July, it was mainly caused by falling commodity prices. China's crude oil imports rose in volume to a monthly record as small, private refineries purchased more from overseas amid low oil prices.

"Looking at the import volume data-which strips out the impact of price movements-oil purchases remain on trend," Orlik said.

Domestically, the government is stepping up efforts to help growth. China is planning at least 1 trillion yuan ($161 billion) in bonds, and potentially a multiple of that, to fund construction projects, people familiar with the matter said earlier. Authorities are also expanding policy banks' lending capacity.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 草草视频在线观看 | 欧美中日韩在线 | 久久综合香蕉久久久久久久 | 久久经典免费视频 | 欧美大片在线播放 | 一级a爰片久久毛片 | 男女视频免费网站 | 亚洲国产精品免费观看 | 理伦毛片| 91av视频| 看真人视频一级毛片 | 日本全黄| 国产成人精品亚洲日本在线观看 | 久久久久久免费播放一级毛片 | 日本视频一区二区三区 | 久久伊人免费视频 | 日本精品一区二区三区在线 | 国产亚洲精品高清在线 | 国产性做久久久久久 | 朝鲜美女免费一级毛片 | 中文字幕亚洲区 | 国产欧美日韩综合一区二区三区 | 成人手机视频在线观看 | 国内三级视频 | 毛片在线全部免费观看 | 国产免费久久精品久久久 | 在线观看国产精品日本不卡网 | 一级毛片私人影院免费 | 特级a做爰全过程片 | 国产精品国三级国产aⅴ | 特级aa一级欧美毛片 | 亚洲伊人久久综合影院2021 | japanese日本舒服丰满 | 国产精品一区二区久久精品 | 91久久亚洲最新一本 | 日韩美女一级视频 | 亚洲一区2区三区4区5区 | 久久精品国产在爱久久 | 波多野结衣在线中文 | 黄色在线播放 | 亚洲夜色夜色综合网站 |