Monday 24 October 2016

China's exports slump on weak demand

Published 10/08/2015 | 02:30

Chinese policy-makers face mounting pressure to support economic growth after an unexpectedly large drop in exports last month and the steepest decline in producer prices in almost six years.

  • Go To

China's producer-price index fell 5.4pc year-on-year in July, according to National Bureau of Statistics data released yesterday. The decline - the biggest since October 2009 - came on the heels of trade data on Saturday that showed exports last month shrank 8.3pc from a year earlier, compared with an estimated decline of 1.5pc.

The data indicate weak demand for Chinese factory products both at home and abroad.

Irish Independent

Read More

Promoted articles

Editors Choice

Also in Business