The manufacturing and export sectors are key drivers of growth in China China's exports fell in January, the first decline in more than two years, raising fresh concerns about the impact of a global slowdown on its economy.Exports fell 0.5% from a year earlier amid sluggish global demand. Shipments were also hurt as factories were shut during the Lunar New Year.
Meanwhile, imports dipped 15.3% raising fears about slowing domestic demand.
China has been trying to boost domestic consumption in a bid to offset slowing exports and rebalance its economy.
'Paticular attention'Analysts said while the closure of establishments during the Chinese New Year affected the numbers, the decline could not be attributed to the festival alone.
They said that the bigger-than-expected drop, especially in imports, was worrying as it gave an indication of slowing growth.
"The collapse of imports begs particular attention," said Ren Xianfeng of IHS Global in Beijing.
"A fall of over 15% in January cannot be entirely explained by the lunar calendar, and adds weight to the view that economic output is slower than headline indicators might suggest."
Earlier this month, the China Federation of Logistics and Purchasing reported that the import index for January fell to to 46.9 from 49.3 in the previous month, showing slowing demand at home.
Despite these numbers, analysts said the dip was likely to be short-lived and imports may start to rise in the coming months.
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