wrapper

China's Trade Balance showed surplus of $43 billion

Monday, Aug 10 2015
The producer-price drop indicates weak demand both at home and abroad for China’s industrial sector. Reversing the trend is a key focus of China’s policymakers as they attempt to meet an annual growth target of about 7%. The central bank has cut interest rates four times since November in a bid to cushion the slowdown. 
 
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 Premier Li Keqiang to stabilize growth. Overseas shipments fell 8.3% from a year earlier in dollar terms, the customs administration said. The reading was well below the estimate for a 1.5% decline and compared with an increase of 2.8% in June. Imports dropped 8.1% widening from a 6.6% decrease in June, leaving a trade surplus of $43 billion. 
 
It came despite a few bright spots, including the highest monthly steel exports since January. 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.
More in this category: « USD - Major events in the week ahead Aussie slightly down on weak China's figures »

Latest from Editor

About Us

Forex Web News is part of Rolling Capital Network providing financial consulting.

Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.

Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.

.

All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.

We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.

Disclaimer

Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.