General Administration of Customs figures released on the 10th, June China's total import and export value of 182.57 billion US dollars, down 17.7%. Among them, exports fell 21.4%, imports fell 13.2%.
In June, China's import and export, exports, imports fell more than the first five months of this year, respectively, year on year decrease of 7 percentage points, 0.5 percentage points and 14.8 percentage points. On the chain, China's total import and export value increased by 11.2%, exports increased by 7.5% and imports increased by 15.6%.
Societe Generale Securities chief macro analyst Dong Xianan said that imports and exports fell sharply year on year substantially in line with expectations, import and export further to the good trend or has been formed. Excluding the dollar-denominated factor, the real import and export recovery took place earlier. The volume of imports and exports in January and February, the export, the manufacturing purchasing managers index PMI reflects the export order status of the new export orders index has been rising for seven consecutive months.
The signs of improvement in the world economy are considered to be the main reason for the narrowing of export declines. According to a series of leading indicators, the recession of the developed countries has bottomed out, and the current market share of Chinese products is also rising in demand. Increase and increase the market share of the dual drive, driven exports to the good trend.
"The performance of imports is relatively more prominent," National Development and Reform Commission, said Zhang Yansheng, director of foreign economic research institute. In June, the decline in imports fell more than market expectations, mainly due to China's economic recovery driven by the rapid growth of investment, driven by strong social needs, which also confirmed that before the Chinese economy will be earlier than the world recovery, Import judgment before export bounce. In fact, from the amount of imports from China, as early as a few months ago has been achieved positive growth.
Liu Nenghua said that the fourth quarter of China's exports may return to positive growth year on year, mainly due to the world's major developed economies may bottom out in the fourth quarter, while the fourth quarter of last year, China's import and export base is also low.
