三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

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: 男女配种超爽免费视频 | 黄色短视频在线观看 | 国产一二区 | 免费色视频在线观看 | 麻豆传煤入口1.5 | 国产在线观看成人免费视频 | 午夜成年女人毛片免费观看 | 亚洲成人影院在线 | 黄色影片在线观看 | 国产高清晰在线播放 | 91国视频在线观看 | 黄色片在线观看网址 | 亚洲午夜久久影院 | 欧美色就色 | 国产欧美日韩不卡在线播放在线 | 丁香四月婷婷 | 成人片在线播放 | 国产精品久久久久三级 | 日韩一区二区三区在线播放 | 午夜精品在线免费观看 | 九九热视频在线免费观看 | 黄色免费在线视频 | 可以直接看的av网址站 | 日本不卡中文字幕一区二区 | 日韩视频一区二区三区 | 在线黄色免费观看 | xxxxx亚洲| 欧美 亚洲 国产 精品有声 | 婷婷综合久久狠狠色99h | 久久久久久免费一区二区三区 | 中国女警察一级毛片视频 | 亚洲一区二区三区不卡在线播放 | 女人被男人狂躁免费视频 | 年轻人www影视| 窝窝午夜色视频国产精品东北 | 亚洲视频在线观看免费视频 | 色屁屁在线 | 在线观看永久免费视频网站 | 91成人午夜在线精品 | 视频在线一区二区三区 | 黑人成人影院 |