国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Economy

Weak trade figures 'signal slowing economy'

By Lyu Chang (China Daily) Updated: 2014-04-11 07:07

Tough times seen for industry as exports contract for the second consecutive month

China's trade momentum fizzled out in March, with imports and exports unexpectedly declining in what analysts said was yet another sign of economic deceleration - and a warning of prolonged difficulties for manufacturers.

 Weak trade figures 'signal slowing economy'

Li Yi / China Daily

Total trade contracted 9 percent to $332.5 billion, the Customs Administration said on Thursday. Exports tumbled 6.6 percent year-on-year to $170.1 billion after dropping 18.1 percent in February. It's the first time since 2009 that exports declined for two consecutive months.

An even bigger downside surprise lay in the figure for imports, which contracted 11.3 percent to $162.4 billion in March. Imports increased about 10 percent in January and February.

The trade balance swung to a larger-than-expected surplus of $7.7 billion from a deficit of $23 billion in February.

First-quarter exports fell 3.4 percent, while imports rose 1.6 percent, producing a trade surplus of $16.7 billion, down 59.7 percent from a year earlier.

Zheng Yuesheng, a spokesman for the customs agency, told reporters in Beijing that the main reason for the export decline in March was "weak demand in Hong Kong".

Exports to Hong Kong fell 43.6 percent in March and 31.3 percent in the first quarter, according to Barclays Research.

"We maintained steady growth with our major trading partners, witnessing a large decline in trade only with Hong Kong", Zheng said. "But exports to Hong Kong will experience a clear rebound from May onward, driving up the growth in overall exports and trade."

Elsewhere, the figures were more in line with expectations. Trade with the European Union, the country's largest trading partner, increased 6.3 percent year-on-year in the first quarter to 836 billion yuan ($134.7 billion), while trade with the United States edged up 1 percent to 749 billion yuan, highlighting a tepid economic recovery that's likely to continue for the rest of this year.

Weak trade figures 'signal slowing economy'

Weak trade figures 'signal slowing economy'

Top 10 trading partners of the Chinese mainland

Top 10 overseas travel destinations for Chinese riches

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
隆安县| 东莞市| 通城县| 明光市| 汾西县| 澜沧| 阆中市| 鹤峰县| 永和县| 开江县| 嘉兴市| 雷山县| 上犹县| 深水埗区| 揭西县| 高邑县| 九江县| 米脂县| 临海市| 沐川县| 呼和浩特市| 拜泉县| 资中县| 荃湾区| 大安市| 内黄县| 松潘县| 本溪| 兴城市| 卢氏县| 镇远县| 新晃| 辽宁省| 夏邑县| 临桂县| 大姚县| 天峻县| 阿合奇县| 双辽市| 克东县| 尤溪县|