(Beijing / Washington Comprehensive News) China ’s exports in June have declined for the second consecutive month, and the decline has expanded, the largest decline since the epidemic in 2020.As the economic development occurred, exports have slowed down, increasing the difficulty of boosting the economy by the Chinese government.
The data released by the General Administration of China Customs on Thursday (July 13) showed that in the US dollar, China ’s exports in June this year fell 12.4 % year -on -year and imports fell by 6.8 %.
This also means that China's exports and imports have declined for two consecutive months, and the decline has expanded.In May this year, China's exports fell by 7.5 % year -on -year, and imports fell 4.5 %.
The demand for external markets is generally weak. China ’s exports to the United States, Asia, South Korea, South Korea, Japan, Germany, Italy, Britain and other places have declined.
Lu Daliang, director of the China Customs General Administration of Customs and Director of Statistics, said that the current world economy is weak, global trade investment has slowed down, unilateralism, protectionism and geopolitics have risked.The direct impact is still continuing.
Bloomberg Economist Zhu Wei pointed out that China's exports in June further declined, showing that the weakness of the global economy will not provide too much support for China's difficult economic recovery.Strong policy support.
The exports and exports have both declined, which has increased the expectations of the Chinese government to introduce more stimulus measures.
Zhang Zhiwei, chief economist of Baoyin Investment, believes that the latest data from developed countries show continuous weak signals, which may bring greater pressure on China exports in the second half of this year. China must rely on domestic demand to boost the economy. In the futureThe biggest problem in several months is whether the domestic demand can rebound without the strong stimulus of the government.
China will announce macroeconomic data in the second quarter of this year.A survey of Reuters shows that due to the low base, the Chinese economy may increase by 7.3 % over the same period of the previous year, but the growth momentum is weakening rapidly. The economic growth rate may slow to 4.8 % in the third quarter.%, The annual growth rate is expected to be 5.5 %.
Some economists believe that although China is expected to achieve about 5%of the moderate growth target proposed by the government at the beginning of the year, further economic slowdown may lead to more unemployment, exacerbate the risk of shrinking, and further weaken the confidence of the private sector.
