(Beijing Comprehensive News) Under the dual pressure of slowing international demand and weak domestic demand, China's trade volume declined sharply in July, and the export volume fell by 14.5%.pressure.
The latest data released by the China Customs General Administration on Tuesday (August 8) shows that in July, the US dollar was denominated at 281.76 billion (USD, the same below, about 37.883 billion yuan), a year -on -year decrease of 14.5%; imports of US $ 2011.6 billion, Decreased by 12.4%year -on -year.The performance of import and export is much lower than market expectations, and the decline in exports is a new high since February 2020.
Do not look at the country in July, the export volume of the United States in July fell 23.1%, and the exports of markets for markets in Japan, South Korea, Asia, the European Union, Brazil, and Australia also fell.However, exports to Russia soared to a new high, reaching 10.3 billion US dollars, a year -on -year increase of 52%.At the same time, imports of South Korea, Japan, Taiwan, South Africa and Canada have decreased.
The slowdown in demand for overseas markets is an important reason for the poor export data.Reuters quoted Capital Economics, Capital Economics, a Chinese economic director Julian Evans-PritChard, stating that the decline in foreign demand is far greater than the level of customs data reflected. Many developed economies still face small.However, there is still risk of recession, and consumer expenditure prospects are not optimistic in the short term.
China's domestic demand is still weak.Bloomberg quoted Zhang Zhiwei, the chief economist of Shanghai Baoyin Investment, saying that the decline in imports exacerbated reflects weak domestic demand.It is reported that after the epidemic, the market hopes that the strong domestic demand in China has stimulated economic recovery, but the sluggish real estate industry has hit the construction industry, and consumption growth is also slowing. The decline in imports for five consecutive months highlights the above problems.
Reuters reports that trade data has weakened the expectations of economic activities in the third quarter, and direct investment in construction, manufacturing, service industry, industry, and foreign countries will weaken, increasing the official launch of new stimulus measures and stable growth.Although the Chinese government has introduced various measures this year to stimulate consumption of houses, electric vehicles and other products, they only target specific fields and have limited effects on economic growth.
Foreign business investment indicators fell to the lowest 25 years
China's weak economic recovery has also weakened foreign investment confidence in China.China National Foreign Exchange Bureau released data last Friday (August 4). In the second quarter of this year, the indicators of direct investment in foreign investors in China, that is, direct investment liabilities, increased to $ 4.9 billion, reduced by 87%compared with the same period last year. It was 1998. 1998 was 1998.The data has recorded the minimum season since the year.
Economists generally believe that the decline in indicators is alert.This also shows that under the circumstances of geopolitical influence and China's economic recovery lower than expected, more global companies choose to diversify the supply chain and reduce investment in China.
