• Home
  • Realty
    • Realty
    • Realty Commercial
    • Realty Residential
    • Realty Retail
  • Management
  • IKC
    • IKC
    • Awards
    • Report 2019
    • Gallery
  • Videos
    • Videos
    • India Kitchen Congress
    • Conversations
  • Services
  • Contact Us
Log In

Submit a Video
User Panel Banner
Log In

  • Home
  • Realty
    • Realty Commercial
    • Realty Residential
    • Realty Retail
  • Management
  • IKC
    • Awards
    • Report 2019
    • Gallery
  • Videos
    • India Kitchen Congress
    • Conversations
  • Services
  • Contact Us
HomeNewsChinese Trade Slumps in January; Exports Fall 11.2%, Imports 18.8%

Chinese Trade Slumps in January; Exports Fall 11.2%, Imports 18.8%

  • March 4, 2017
  • 0 comments
  • Sourcing Hardware
  • Posted in NewsWorld
  • 0
  • Tweet
  • Share 0
  • +1
  • LinkedIn 0

The world’s second largest economy tumbled double digit in January with exports dropping 11.2% year-on-year to $177.5 billion and imports plummeting 18.8% to $114.2 billion. The figures are worse than the speculated 1.9% drop in exports and 0.8% drop in imports by the analysts.

On the other hand, yuan-denominated data shows exports fell 6.6% in January and imports slid 14.4% from a year ago, which leaves the country with a trade surplus of 406.2 billion yuan for the month. The economic growth rate of the country is reported to be at a 25-year-low 6.6% in 2015.

Nomura analysts said, “We believe the slump in trade growth mainly reflects weakening investment demand, possibly from weaker property investment and measures to reduce overcapacity.” To counter slowing growth, China’s policy makers have taken a slew of easing measures, including interest rate and reserve requirement ratio cuts from the central bank.

Related Posts

Gopal Dwivedi's Modular Kitchen Planning and Designing Guide is out and out a syllabus for the kitchen industry
0 comments
*News

Gopal Dwivedi launches Modular Kitchen Planning and Designing Guide

0 comments
Corporate

Home Décor is a $20 bn Business, and we are in the Right Place: HomeLane Founder & CEO Srikanth Iyer

Sanitaryware
0 comments
CorporateRoca News

Swiss Luxury Sanitaryware Brand Laufen Opens Outlet in Gurugram

Amazon Shores up Logistics in China

  • March 4, 2017
  • 0 comments

Industrial Output Dips to 1.3% in Dec; Retail Infl...

  • March 4, 2017
  • 0 comments

Share this

About author

Sourcing Hardware

Related Posts

Gopal Dwivedi's Modular Kitchen Planning and Designing Guide is out and out a syllabus for the kitchen industry
0 comments
*News

Gopal Dwivedi launches Modular Kitchen Planning and Designing Guide

0 comments
Corporate

Home Décor is a $20 bn Business, and we are in the Right Place: HomeLane Founder & CEO Srikanth Iyer

Sanitaryware
0 comments
CorporateRoca News

Swiss Luxury Sanitaryware Brand Laufen Opens Outlet in Gurugram

0 comments
*Corporate

CRI Wins National Energy Conservation Award 2019 in Pumps

Tags

  • Chinese Trade Slumps in January; Exports Fall 11.2%
  • Imports 18.8%

Do not miss

Gopal Dwivedi's Modular Kitchen Planning and Designing Guide is out and out a syllabus for the kitchen industry
0 comments
*News

Gopal Dwivedi launches Modular Kitchen Planning and Designing Guide

  • About us
  • Contact Us
  • Privacy Policy
  • About Channel Offers
Got a hot tip? Send it to us!

    Your Name (required)

    Your Email (required)

    Video URL

    Attach Video

    Category
    SportNewsTechMusic

    Your Message