Accessibility/Mobile Features
Skip Navigation
Skip to Content
Editorial News
Business
Classified Sites

The Canadian Press - ONLINE EDITION

China's export growth accelerates in July while imports sag in sign of economic weakness

BEIJING, China - China's export growth accelerated in July but imports sagged in a possible sign of weakness in the world's second-largest economy.

Exports jumped 14.5 per cent from a year earlier, double June's 7.2 per cent growth, customs data showed Friday. Imports fell 1.6 per cent, down from the previous month's 5.5 per cent expansion.

Chinese leaders are counting on exports to help support employment while they try to nurture growth based on domestic consumption. Their plans call for annual trade growth of 7.5 per cent, but so far this year total imports and exports are up only 0.2 per cent.

Weakness in global demand for Chinese goods prompted the communist government to earlier this year launch mini-stimulus efforts based on higher spending on railways and other public works.

Economic growth edged up slightly to 7.5 per cent over a year earlier in the three months ending in June. It was 7.4 per cent in the first quarter.

The decline in July imports exceeded analyst forecasts and was a sign domestic economic activity might be weakening. So far this year, imports are down 0.8 per cent compared with the same period last year.

July exports totalled $212.9 billion while imports were $165.6 billion. China's politically sensitive global trade surplus more than doubled over a year earlier to $47.3 billion.

The country's trade surplus with the European Union, its biggest trading partner, swelled by 37 per cent over a year earlier to $13.7 billion. That with the United States widened by 17 per cent to $22.3 billion.

___

General Administration of Customs of China (in Chinese): www.customs.gov.cn

  • Rate this Rate This Star Icon
  • This article has not yet been rated.
  • We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high. If you thought it was well written, do the same. If it doesn’t meet your standards, mark it accordingly.

    You can also register and/or login to the site and join the conversation by leaving a comment.

    Rate it yourself by rolling over the stars and clicking when you reach your desired rating. We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high.

Sort by: Newest to Oldest | Oldest to Newest | Most Popular 0 Commentscomment icon

You can comment on most stories on brandonsun.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.

There are no comments at the moment. Be the first to post a comment below.

Post Your Commentcomment icon

Comment
  • You have characters left

The Brandon Sun does not necessarily endorse any of the views posted. Comments are moderated before publication. By submitting your comment, you agree to our Terms and Conditions. New to commenting? Check out our Frequently Asked Questions.

letters

Make text: Larger | Smaller

Brandon Sun Business Directory
The First World War at 100

Social Media

Canadian Mortgage Rates