China's imports resume growth but tamer exports raise outlook concerns

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BEIJING: China's exports grew at their slowest pace in three months in July, missing expectations and adding to concerns about the outlook for the vast manufacturing sector, while a rush to boost chip supplies before expected US tech curbs bumped up imports.

The slowdown in export growth adds to concerns about the outlook for the sector, analysts say, with many countries growing increasingly uneasy about China's trade dominance.

Zichun Huang, China economist at Capital Economics, said the slowing exports growth was mainly due to lower export prices as export volumes remained near record highs.

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Article Details

Category: EconomyBusiness

Markets: SingaporeChinaIndonesiaUnited States

Topics: Cent Exports Tariffs Expectations July Year Growth Chinese Demand Imports China

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-07 @ 11:40:00 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 859 words

Reading Time: 5 minutes read

Sentences: 34 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 21967129

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