With the weakening of global demand and slowing down the domestic manufacturing industry, China's export growth rate in August has slowed more than expected, and imports are almost flat.
The General Administration of Customs of China announced on Wednesday (September 7) that the export of US dollars in August increased by 7.1 % year -on -year to US $ 314.9 billion.According to Bloomberg, the export growth rate is lower than the estimated medium value obtained by Bloomberg survey economists 13 %, which is the slowest since April.
In August, imports increased by 0.3 % year -on -year, the growth rate was below 2.3 % in July, and it was also less than 1.1 % of the expected medium value.The monthly trade surplus narrowed to $ 79.4 billion.
Previously, factory activities in Europe and other parts of Asia have been exhausted in recent months, reflecting the slowdown of the global economic momentum.To a certain extent, the prices of energy and other consumer goods and services have soared, resulting in a decline in consumer demand.In addition, the outbreak of crown disease in China in August has led to sealing control such as manufacturing and export hub Yiwu and other places.
