19 April, 2014 AsiaNews.it Twitter AsiaNews.it Facebook            

Help AsiaNews | About us | P.I.M.E. | | RssNewsletter





mediazioni e arbitrati, risoluzione alternativa delle controversie e servizi di mediazione e arbitrato
e-mail this to a friend printable version


» 08/10/2012 13:12
CHINA
Chinese exports and imports slow down
Exports grew in July by only 1 per cent (against June's 13 per cent), the lowest since 2009. Imports rose 4.7 (a month earlier it was 6.3). Industrial output declines. Inflation drops because of lower pork and poultry prices.

Beijing (AsiaNews/Agencies) - The rate of growth of China's exports and imports dropped in July, a sign that the economy of the Asian juggernaut is cooling in response to a weakening global economy.

In July, exports increased only 1 per cent from a year earlier, far below the 11.3 per cent of June. Imports rose 4.7 per cent against 6.3 in June.

Both figures indicate a serious deterioration in global demand for Chinese goods, the worst since 2009, with domestic consumers unable to pick up the slack.

China's sales to European Union countries fell 16.2 per cent last month and growth in U.S. exports slowed to 0.6 per cent from 10.6 per cent in June, customs data showed.

Industrial output growth unexpectedly slowed last month to 9.2 per cent from a year earlier, less than June's 9.3 per cent.

One positive aspect is inflation, which rose only 1.8 per cent last month compared to 2.2 in June and 3 per cent in May.

Lower inflation is due to a drop in the price of pork (-18.7 per cent) and poultry (-6.1 per cent).

To stimulate the economy, China's central bank twice cut interest rates and lowered the required reserves banks must hold in order to boost lending.

Many businesses hope the government will launch a new aid package like the one introduced at the start of the crisis in 2008.


e-mail this to a friend printable version

See also
11/25/2008 CHINA
World Bank: Chinese growth will fall to 1990 levels
10/01/2008 CHINA
Thousands of factories closing in the Pearl River delta
04/15/2011 CHINA
China’s economy taking off, so is inflation
08/10/2011 CHINA
Global crisis no impact yet on Chinese exports, a record in July
05/09/2008 CHINA
Record rise in production costs, China's economy slows

Editor's choices
ITALY - ASIA
Easter, victory over death and impotence
by Bernardo Cervellera
SYRIA
I will miss you Fr Frans, you inspired us all, says Syrian Jesuit
by Tony Homsy*A young priest from the Society of Jesus remembers the life and work of Fr Frans van der Lugt, who was killed in Homs after he refused to abandon residents beleaguered by hunger and war. "He gave and continues to give everything for the Church, Syria, and peace. His story and qualities made him an exceptional missionary and witness to the Gospel." Reprinted courtesy of 'The Jesuit Post'.
FRANCE - IRAQ
Chaldean Patriarch on the uncertain future of eastern Christians, a bridge between the West and Islam
by Mar Louis Raphael I SakoThe wars in Iraq, Libya and Afghanistan have made things worse for their peoples, especially minorities. As Western policies have been a failure, fundamentalism has grown with the Arab Spring losing out to extremism. Muslim authorities have a role in protecting rights and religious freedom. The presence of Christians in the Middle East is crucial for Muslims.

Dossier
by Giulio Aleni / (a cura di) Gianni Criveller
pp. 176
by Lazzarotto Angelo S.
pp. 528
by Bernardo Cervellera
pp. 240
Copyright © 2003 AsiaNews C.F. 00889190153 All rights reserved. Content on this site is made available for personal, non-commercial use only. You may not reproduce, republish, sell or otherwise distribute the content or any modified or altered versions of it without the express written permission of the editor. Photos on AsiaNews.it are largely taken from the internet and thus considered to be in the public domain. Anyone contrary to their publication need only contact the editorial office which will immediately proceed to remove the photos.