Showing posts with label trade data. Show all posts
Showing posts with label trade data. Show all posts

Thursday, 10 July 2014

China June trade data misses forecasts, doubts over economy linger

China's trade performance improved in June but still missed market forecasts, reinforcing expectations that Beijing will have to unveil more stimulus measures to stabilize the economy and meet its 2014 growth target.
Exports rose 7.2 percent in June from a year earlier, the best pace in five months, but well below a median forecast in a Reuters poll for a rise of 10.6 percent.
Imports also missed expectations, growing by 5.5 percent versus forecasts of 5.8 percent, although they returned to positive territory after a small drop in May.
China's combined exports and imports edged up just