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China's trade data shows further slowdown

Published on Sep 11, 2012 3:13 PM
 

(CHINA DAILY / ASIA NEWS NETWORK) China imported less in August than in the same month a year ago and saw its exports continue to increase at a slow pace, giving the Chinese government more reason to consider adopting further stimulus and monetary easing policies.

Last month, China's imports decreased by 2.6 per cent from a year earlier, showing the first monthly decline in seven months, according to the General Administration of Customs.

In July, it increased by 4.7 per cent.

"The drop (in imports) happened unexpectedly, suggesting the nation's economic growth is continuing to slow down," said Mr Wang Tao, Chinese economist at UBS AG.

 
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