• Live Radio
  • Videos
  • About
  • Contact
  • Despite Media
Ghana Election 2020
  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Opinion
  • VIDEOS
  • Media
    • Videos
    • Audio
    • Live Radio
    • Photos
  • Election 2020
Local News
 
 
 
Home Business Business News 201107

China's Imports Slow Down As Domestic Demand Dips

10-Jul-2011
/ Business News, Business
Email
Print
Comments 0
(0)
Comments
Share on Facebook Share on Twitter
 

The pace of growth of imports to China slowed down in June as the government's efforts to rein in growth hit domestic demand.

Imports to China grew by 19.3% in June, compared with a year ago, a sharp decline from the 28.4% surge in May, latest government data showed.

Meanwhile exports rose by 17.9%, a slowdown compared to the 19.4% rise in the previous month.

China is the world's second largest economy and the biggest exporter.

The weaker-than-expected numbers resulted in a trade surplus of $22.3bn (£13.8bn) in June.

"Imports were below expectations," said David Cohen of Action Economics in Singapore.

"We are perhaps seeing some reflection of loss of momentum in China's growth," he added.

Mr Cohen said that the recent measures by China to tighten its monetary policy were starting to have an impact on the pace of growth in the country.

"The numbers are consistent with decelerating growth, with the soft landing that many people are looking for," he said.

Analysts are concerned that domestic demand is also being hit by rising consumer prices in the country.

Data out on Saturday showed that inflation in China hit its highest level in three years as prices rose by 6.4% in June, compared with a year ago.

Source: BBC

 

 
 

 

Comments ( 0 ): Post Your Comments >>

Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.
Featured Video
Previous Post

ADVANCE To Carry Out GIS Mapping of Rice, Soya and Maize

Next Post

“Dealing With The Filth On Our Beaches

 
 

More Stories

Caretaker Trade Minister Urges Private Sector To Own AFCFTA Agenda
ADOM Group Focused On Being The Top Name In Affordable Housing In Ghana And Beyond – CEO
Kwahu Summit 2023: Success Of AfCFTA Is Our Collective Success - Gabby
Lexus Chief To Take Over Toyota As Founder's Grandson Steps Down
US Pork Products To Flood Local Market; As Country Reaches Agreement With USDA?
Huawei Adjudged Africa’s Top Employer In Ghana And 10 Other Countries
The Driving Forces Behind Crypto Adoption In Africa In 2022
Honesty And Transparency Are The Hallmarks Of The Direct Selling Industry – QNET Regional Director
Tariffs Hike Will Dampen Recovery, Employment – AGI
Next Post

“Dealing With The Filth On Our Beaches

  Ghana Business News

  • General News
  • Economy
  • Banking & Finance
  • Stock Market
  • Industry/Manufacturing


 
 

Other Business News Stories

  • Caretaker Trade Minister Urges Private Sector To Own AFCFTA Agenda

  • ADOM Group Focused On Being The Top Name In Affordable Housing In Ghana And Beyond – CEO

  • Kwahu Summit 2023: Success Of AfCFTA Is Our Collective Success - Gabby

  • Lexus Chief To Take Over Toyota As Founder's Grandson Steps Down

  • US Pork Products To Flood Local Market; As Country Reaches Agreement With USDA?

  • Huawei Adjudged Africa’s Top Employer In Ghana And 10 Other Countries

  • The Driving Forces Behind Crypto Adoption In Africa In 2022

  • Honesty And Transparency Are The Hallmarks Of The Direct Selling Industry – QNET Regional Director

  • Tariffs Hike Will Dampen Recovery, Employment – AGI

  • Wingimall Is Live In Ghana!

 

 
 

Popular Videos

Peace Power Sports(25/01/2023)

Kokrokoo Live On Peace 104.3 FM (25/01/2023)

Kokrokoo Discussion Segment On Peace 104.3 FM (27/01/2023)

Kokrokoo Discussion Segment On Peace 104.3 FM (26/01/2023)

Akan News @ Midday On Peace 104.3 FM (25/01/2023)

Kokrokoo Live On Peace 104.3 FM (25/01/2023)

Peace FM Online and Despite Media

peacefmonline.com offers its reading audience with a comprehensive online source for up-to-the-minute news about politics, business, entertainment and other issues in Ghana

Follow us on social media:

Category

  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Opinion
  • Trivia
  • Foreign
  • Audio
  • Photos
  • Videos
  • Elections
Decision Time
Ghana Election 2020 2016 Elections
Services
Live Radio Audio on Demand Ghana Elections Advertise with Us
Useful Links
Despite Media About Us Contact Us Feedback Form Terms and Conditions Privacy
Our Brands
Despite Media UTV Peace FM Okay FM Hello FM Neat FM Peacefmonline
  • About
  • Advertise
  • Terms & Conditions
  • Contact
  • Privacy

© 2020 Peacefmonline.com - An online portal owned and managed by Despite Media

  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Articles
  • Trivia
  • Foreign
  • Live Radio
  • Photos
  • Videos
  • Audio
  • Election 2020

© 2020 Peacefmonline.com - An online portal owned and managed by Despite Media