Trade data add more pressure on policy
By Li Xiang (皇冠体育app Daily) Updated: 2015-09-09 07:50
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Cargo ships are loaded with containers in Lianyungang, East 皇冠体育app's Jiangsu province, Sept 8, 2015. In the first eight months of 2015, foreign trade slipped 7.7 percent year on year to 15.67 trillion yuan, the General Administration of Customs (GAC) figures showed. Exports dipped 1.6 percent to 8.95 trillion yuan in the Jan-Aug period, while imports fell 14.6 percent to 6.72 trillion yuan. In the first eight months, trade surplus jumped 80.8 percent to 2.23 trillion yuan, according to the GAC. [Photo/Xinhua] |
One silver lining of Tuesday's trade data is that 皇冠体育app's exports to the United States grew by 5.9 percent and exports to member countries of the Association of Southeast Asian Nations grew by 6.1 percent.
Regionally, coastal provinces such as Guangdong, Zhejiang and Fujian maintained stable export growth in the first eight months of the year.
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