China'S Exports Grew In May, But Imports Fell Unexpectedly.

< p > > span style= "font-size: 12px"; > a href= "http://sjfzxm.com/news/index_s.asp" > China < /a > May trade surplus surged, exports were boosted by the global economic strength, but import accident fell.

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Official data released recently showed that in May this year, the trade surplus expanded from US $20 billion 400 million in the same period last year to US $36 billion, and exports grew by 7% over the same period last year.

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< p > according to the data of the General Administration of Customs of China, exports easily broke through market expectations, but imports were much weaker than expected, down 1.6% from the level in May 2013.

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Zheng Yuesheng, spokesman for the General Administration of customs, told state media that these data show that the export growth has returned to normal. P

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The annual comparison of < p > earlier this year has had a complicated factor, because last year's exports were artificially elevated because the enterprises avoided foreign exchange control by invoking invoices.

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< p > "we do not think that the trade figures in May will significantly change the policy stance," said Gao Luyi, a Chinese economist at the Royal Bank of China (RBS) in Scotland. (Louis Kuijs)

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< p > "although export data are quite positive, the weak domestic demand reflected by import data may keep pressure on the government to take measures to support economic growth."

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< p > < a href= "http://sjfzxm.com/news/index_x.asp > > /a > Beijing will announce" measures to support economic growth, while avoiding a more significant and general stimulus step ".

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Chinese Premier Li Keqiang warned officials on Friday not to ignore economic challenges, saying the downward pressure on the economy is still "big" P.

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< p > the official media quoted him as saying: "to accomplish the main objectives and tasks of this year's economic and social development, we must give full play to the two initiatives of the central and local governments."

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In the first quarter of 2014, China's economy grew by 7.4% over the first quarter of the year, slowing from the 7.7% year-on-year growth rate in the last quarter of last year, and the slowest since the third quarter of 2012.

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Last week, the International Monetary Fund (P) lowered its forecast of China's economic growth on the grounds that it was worried about China's real estate market and credit accumulation. "IMF"

IMF said China's economy is expected to grow by 7% or less next year, compared with a 7.3% increase forecast.

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< p > ANZ bank said that the improvement of China's exports was the result of stronger government support policies and stronger demand for developed economies.

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< p > despite the high Louis's suggestion that the drop in imports is due to "slow growth in China's economic demand", the ANZ bank said that this phenomenon is likely to be due to the recent crackdown on the use of commodities as collateral for financing pactions.

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< p > according to the official Xinhua news agency, in Qingdao, the third largest port in China, relevant departments are investigating whether commodity traders have used warehouse receipts for repeated pledge and swindled loans from different banks.

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