Chinese exports fell far more than expected in July, along with imports, reinforcing expectations that the government will roll out more stimulus to support the world's second-largest economy.
Exports slumped 8.3 percent from a year earlier, weaker than expectations for a 1 percent decline in a Reuters poll, and reversing a 2.8 percent gain in June.
Imports fell 8.1 percent, in line with expectations of an 8 percent drop, after a 6.1 percent decline in June, highlighting soft domestic demand and lower commodity prices.
China had a trade surplus of $43.03 billion for the month, the General Administration of Customs said on Saturday, compared with forecasts of $53.25 billion.
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Exports slumped 8.3 percent from a year earlier, weaker than expectations for a 1 percent decline in a Reuters poll, and reversing a 2.8 percent gain in June.
Imports fell 8.1 percent, in line with expectations of an 8 percent drop, after a 6.1 percent decline in June, highlighting soft domestic demand and lower commodity prices.
China had a trade surplus of $43.03 billion for the month, the General Administration of Customs said on Saturday, compared with forecasts of $53.25 billion.
Click Here For Free Signals OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance About KLSE online Feel Free To Mail Us at : info@epicresearch.my
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