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

Chinese exports slump, outlook worrying

(Xinhua) Updated: 2016-03-08 18:28

BEIJING - China's exports slumped more than expected in February, as weak global demand and seasonal factors added to pressure on the slowing economy, customs data showed on Tuesday.

Exports in dollar-denominated terms were more than 25 percent lower than in February 2015, worsening from the 11.2-percent decline in January and the sharpest drop since May 2009, according to figures from the General Administration of Customs (GAC).

In yuan-denominated terms, exports slumped 20.6 percent year on year to 821.8 billion yuan ($126.3 billion) in February, a steeper fall than 6.6 percent in January.

The data is "ringing alarm bells on the state of the factory sector," said Tom Orlik, chief Asia economist at Bloomberg.

Business inactivity around the Spring Festival holiday, which fell in early February this year, overstated the year-on-year export slump.

"Even so, looking at a year-to-date figure for the first two months of the year, the picture is only slightly less gloomy," Orlik wrote in a research note.

In the Jan-Feb period, exports in yuan-denominated terms went down 13.1 percent year on year to 1.96 trillion yuan, the GAC data showed. Imports dropped 11.8 percent to 1.35 trillion yuan, while total foreign trade was 12.6 percent lower than a year earlier at 3.31 trillion yuan.

HSBC chief China economist Qu Hongbin said the February export decline was steeper than market expectations, citing sagging external demand as the main reason.

Meanwhile, he attributed the milder import decrease to stabilizing commodity prices, noting that domestic demand remains subdued.

Imports in February dropped 8 percent to 612.3 billion yuan, improving from the 14.4-percent fall a month earlier. In dollar terms, the contraction in imports also narrowed from 18.8 percent in January to 13.8 percent.

Exports were once a major driver for China's economy but became a drag on growth after the global financial crisis sapped demand.

Dented by flagging trade, cooling property investment and an industrial glut, China's economy expanded in 2015 by just 6.9 percent, its slowest pace in 25 years.

Orlik said he expected exports to remain weak, as the latest manufacturing indicators have shown orders contracting.

The purchasing managers' index showing China's manufacturing activity fell to its lowest level in four years in February, with the sub-index for new orders down, according to an official survey.

Slumping exports led to a 43.3-percent year-on-year contraction in the monthly foreign trade surplus in February, which was down from 406.2 billion yuan in January to 209.5 billion yuan, according to the GAC.

Total foreign trade value in February fell 15.7 percent year on year to 1.43 trillion yuan, widening from the 9.8-percent decline seen in January.

China's foreign trade will probably continue to lose steam in the second quarter of the year as global economic fundamentals are unlikely to improve, according to analysis by investment firm China International Capital Corp.

In regional breakdown, China's trade in yuan-denominated terms with its biggest trade partner, the European Union, dropped 9.7 percent year on year in the first two months of 2016.

In the same period, trade with the United States, China's second-biggest trade partner, declined by 12.2 percent and that with the Association for Southeast Asian Nations, the third-largest trade partner, dipped 14.9 percent.

The February trade data pointed to an increasingly worrying lack of demand for Chinese exports, which is likely to put further pressure on domestic production, according to a research note from HSBC.

"With risks to growth on the downside, and little support from external demand, a more decisive stimulus package targeted at lifting domestic demand and countering deflation is warranted," according to the note.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 欧美亚洲激情视频 | 国产1区2区三区不卡 | 亚洲精品一区二区三区四区手机版 | 免费v片在线看 | 国产精品亚洲精品日韩已满 | 成人在线一区二区 | 久久er热在这里只有精品85 | 国产a精品三级 | 天堂视频免费看 | 国产高清自拍视频 | 亚洲免费精品视频 | 偷自拍第一页 | 欧美三级香港三级日本三级 | 国产精选在线播放 | 91伊人国产| 九草视频在线 | 成人免费在线播放视频 | 国产男女爽爽爽免费视频 | 性xxxx奶大欧美高清 | 日本成a人片在线观看网址 日本成年人视频网站 | 高清一级片| 亚洲欧美日韩精品永久在线 | 性做久久久久久久免费看 | 在线不卡一区二区三区日韩 | 欧美色爱综合 | 国产第2页 | 一区二区视频在线 | 日韩特级毛片免费观看视频 | 国产性生活 | 日韩毛片高清免费 | 精品一区二区三区视频 | 久久99精品一级毛片 | 欧美久久一区二区 | 日韩一区二区不卡 | 亚洲一区二区三区91 | 一级美国乱色毛片 | 2019国产精品 | 久久九九精品视频 | 亚洲精品亚洲人成在线麻豆 | 美国免费毛片 | 久久福利资源国产精品999 |