日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Economy

Trade data add more pressure on policy

By Li Xiang (China Daily) Updated: 2015-09-09 07:50

Trade data add more pressure on policy

Containers are unloaded from a cargo ship in Lianyungang, East China's Jiangsu province, Sept 8, 2015. In the first eight months of 2015, foreign trade slipped 7.7 percent year on year to 15.67 trillion yuan, the General Administration of Customs (GAC) figures showed. Exports dipped 1.6 percent to 8.95 trillion yuan in the Jan-Aug period, while imports fell 14.6 percent to 6.72 trillion yuan. In the first eight months, trade surplus jumped 80.8 percent to 2.23 trillion yuan, according to the GAC. [Photo/Xinhua]

The sharper-than-expected contraction of China's foreign trade in August underscored the weakness of the Chinese economy and increased pressure on policymakers to take more growth-spurring measures, economists said on Tuesday.

Exports fell by 6.1 percent year-on-year in August to 1.2 trillion yuan ($188.5 billion), compared with an 8.9 percent slide in July. Imports tumbled by 14.3 percent, widening significantly from July's 8.6 percent decrease, according to the General Administration of Customs.

China's total trade surplus reached $57.8 billion in August, a year-on-year expansion of 20.1 percent.

Li Xunlei, chief economist at Haitong Securities Co Ltd, said it is almost a certainty for China to miss its whole-year trade growth target of 6 percent.

"The weak trade data, especially the worse-than-expected imports, pointed to the sluggish domestic demand coupled with the slump of global commodities prices, as well as the slowdown of the recovery in key international markets," he said.

Li said the exchange rate factor is unlikely to have an immediate effect on exports, even though the yuan has depreciated by about 3 percent since mid-August.

The People's Bank of China, the central bank, lowered the reference rate of the yuan against the US dollar by 1.86 percent on Aug 11.

The disappointing trade data have led some economists to lower their trade forecast, and many are expecting that policymakers in Beijing will roll out more interest rate cuts and further reductions of the reserve requirement ratio for banks to spur growth.

"As China's economy still faces strong headwinds from excess capacity in many industries, oversupply in the housing market, and high debt burdens, we believe downside risks are materializing for the second half of this year and first half of next year," Chang Jian, chief China economist at Barclays Bank, said in a research note.

Chang forecast one more benchmark interest rate cut by 25 basis points and two more reductions of the reserve requirement ratio for banks by 50 basis points each in the fourth quarter.

Previous Page 1 2 3 4 5 6 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 久久成年人视频 | 久久不卡区 | 青青免费在线视频 | 一区二区三区日韩在线 | 黄色一级视频播放 | 91青青视频 | 97久久人国产精品婷婷 | av中文字幕一区二区 | av成人在线免费观看 | 欧美一区二区三区精品 | 国产免费一区二区三区在线观看 | 成人精品一二三区 | 日日骚视频| 人人插人人看 | 黄网站在线免费 | 国产精品99在线观看 | 国产亚洲精品成人 | 国内自拍网站 | 极品久久久久久久 | 国产精品亚洲一区 | 国产在线中文字幕 | 亚洲免费观看高清 | 亚洲精品www | 一二三不卡视频 | 国产精品2020 | 国产麻豆一级片 | 亚洲三级视频 | 午夜国产小视频 | 成人h视频| 亚洲男人天堂影院 | 波多野结衣一区二区三区高清 | 在线视频日韩精品 | av中字在线 | 青娱乐在线视频免费观看 | 亚洲精品无 | 色黄网站 | 日韩欧美中文字幕一区二区三区 | 欧美中文| 久操精品在线 | 免费国产在线视频 | 国产精品福利片 |