China's export growth seen easing in July
Updated: 2012-08-07 17:50
By Li Jiabao (chinadaily.com.cn)
|
||||||||
Economists believe that China's exports growth rate will be weaker in July than in the first half of the year, and the following months are seen as challenging in terms of foreign trade for the world's second-largest economy.
In the first half of the year, exports increased 9.2 percent compared with the first half of 2011.
Li Jian, a researcher from the Chinese Academy of International Trade and Economic Cooperation, which is affiliated to the Ministry of Commerce, said that he is not optimistic and that foreign trade in the second half of the year will not improve significantly, which means the 10 percent growth goal set earlier this year is hard to achieve.
The trade surplus is expected to further expand, but will remain within a "relatively reasonable scope", according to Li.
China's exports increased 6.3 percent year-on-year in June, while imports increased 11.3 percent from the previous year, yielding a trade surplus of $31.73 billion in June.
Meanwhile, Lian Ping, chief economist with Bank of Communications, said that China's exports will increase 8.4 percent year-on-year in July to $190 billion.
Peng Wensheng, chief economist of China International Capital Corp, said that China's imports in June will grow 11 percent from the previous year.
The General Administration of Customs will release the trade figures on Aug 10.
- Relief reaches isolated village
- Rainfall poses new threats to quake-hit region
- Funerals begin for Boston bombing victims
- Quake takeaway from China's Air Force
- Obama celebrates young inventors at science fair
- Earth Day marked around the world
- Volunteer team helping students find sense of normalcy
- Ethnic groups quick to join rescue efforts
Most Viewed
Editor's Picks
Supplies pour into isolated villages |
All-out efforts to save lives |
American abroad |
Industry savior: Big boys' toys |
New commissioner
|
Liaoning: China's oceangoing giant |
Today's Top News
Health new priority for quake zone
Xi meets US top military officer
Japan's boats driven out of Diaoyu
China mulls online shopping legislation
Bird flu death toll rises to 22
Putin appoints new ambassador to China
Japanese ships blocked from Diaoyu Islands
Inspired by Guan, more Chinese pick up golf
US Weekly
Beyond Yao
|
Money power |