Wednesday, September 2, 2015   

March imports and exports tumble
(04-10 10:45)

China's trade volumes fell dramatically in March, official data show, despite the country returning to a trade surplus after recording a rare deficit the month before.
Imports slumped 11.3 percent year-on-year to US$162.4 billion while exports fell 6.6 percent to US$170.1 billion, the General Administration of Customs announced, resulting in a surplus of US$7.7 billion.
The figures confounded market expectations, which had been for growth of 4.2 percent in exports and 2.8 percent in imports, according to the median forecasts in a survey of 16 economists by Dow Jones Newswires.
The weak March numbers may raise further concerns about the health of China's economy, which has shown signs of weakness this year with a string of disappointing indicators, including on industrial production and consumer spending.
China last week announced a mini-stimulus to boost slowing growth, including extending tax breaks for small businesses and support measures for poor urban districts.
China recorded an unexpected trade deficit of US$22.98 billion in February, which authorities blamed on the lunar new year holiday season. That result was China's first monthly deficit in 11 months.—AFP

   
Other China breaking news:
Customs, port fees to be trimmed to help exporters (18 mins ago)
War veterans honored in Beijing (1 hr 52 mins ago)
Xi to address war ceremony (09-02 13:27)
Venezuela gets US$5b China loan to be repaid in oil (09-02 12:12)
High-speed rail connects North Korea border city (09-01 18:06)
Pole dancing granny enjoys the grind (09-01 17:57)
Regulator picks fight with brawling China United Airlines pilots (09-01 17:29)
Journalist group calls for end to intimidation in China following business reporter’s arrest (09-01 16:41)
Xi shares credit for war successes with KMT (09-01 15:50)
New home prices in major cities rebound in August (09-01 12:01)

More breaking news >>

© 2015 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2015, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.