samedi 7 février 2015
China Posts Record Trade Surplus as Imports Slump on Oil Prices
Posted on 19:52 by nice news
China registered its largest trade surplus on record last month as imports plunged on falling commodity prices and weak domestic demand.
Imports fell 19.9 percent from a year earlier, the largest drop in more than five years. The figure compared with projections for a 3.2 percent decline in a Bloomberg survey of analysts. Exports dropped 3.3 percent, leaving a trade surplus of $60 billion, the customs administration in Beijing said.
Falling oil and metals prices have cut the dollar value of imports and contributed to a prolonged decline in factory gate prices. That’s coincided with restrained domestic demand amid a property slump and overcapacity.
Imports fell 19.9 percent from a year earlier, the largest drop in more than five years. The figure compared with projections for a 3.2 percent decline in a Bloomberg survey of analysts. Exports dropped 3.3 percent, leaving a trade surplus of $60 billion, the customs administration in Beijing said.
Falling oil and metals prices have cut the dollar value of imports and contributed to a prolonged decline in factory gate prices. That’s coincided with restrained domestic demand amid a property slump and overcapacity.
China Posts Record Trade Surplus as Imports Slump on Oil Prices
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