China Imports Up 6.3%, Less Than Half What Analysts Forecas# Stock
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http://www.cnbc.com/id/48127370
China's imports rose 6.3 percent last month from a year earlier, the customs
administration said on Tuesday, less than half the 12.7 percent increase
forecast in a Reuters poll as domestic demand flagged in the world's second
biggest economy.
The June imports number, which is likely to stoke concerns that monetary and
fiscal policy easing conducted by Beijing since the autumn of last year has
failed to head off the risk of a hard landing for the economy, was also
down sharply from the 12.7 percent annual rise in May.
Exports grew 11.3 percent in June from a year earlier, faster than market
expectations for a 9.9 percent increase though easing from May's
surprisingly strong rise of 15.3 percent.
That left the country with a trade surplus of $31.7 billion in June,
compared with a forecast of $21.0 billion and May's $18.7 billion.
China's imports rose 6.3 percent last month from a year earlier, the customs
administration said on Tuesday, less than half the 12.7 percent increase
forecast in a Reuters poll as domestic demand flagged in the world's second
biggest economy.
The June imports number, which is likely to stoke concerns that monetary and
fiscal policy easing conducted by Beijing since the autumn of last year has
failed to head off the risk of a hard landing for the economy, was also
down sharply from the 12.7 percent annual rise in May.
Exports grew 11.3 percent in June from a year earlier, faster than market
expectations for a 9.9 percent increase though easing from May's
surprisingly strong rise of 15.3 percent.
That left the country with a trade surplus of $31.7 billion in June,
compared with a forecast of $21.0 billion and May's $18.7 billion.