Article AN36 China's economic weakness continues as both imports and exports fall

China's economic weakness continues as both imports and exports fall

by
Agence France-Presse in Beijing
from on (#AN36)

Imports last month were down 17% on levels in May 2014 despite interest rate cuts as country struggles with move to consumer-led economy

Chinese imports fell for a seventh straight month in May while exports also sank, according to official data, as the world's second-biggest economy shows protracted weakness even in the face of government measures to stimulate growth.

The disappointing figures, out on Monday, also come as leaders try to transform the economy to one where growth is driven by consumer spending rather than government investment and exports.

Related: China lowers growth target to 7% as it fights 'deep-seated' economic problems

Continue reading...mf.gif

rc.img
rc.img
rc.img

a2.img
ach.imga2t.imga2t2.img
External Content
Source RSS or Atom Feed
Feed Location http://feeds.theguardian.com/theguardian/business/economics/rss
Feed Title
Feed Link http://feeds.theguardian.com/
Reply 0 comments