China Survey Shows Signs of Growth Slow Down

China’s export growth probably edged up from extreme low levels in August while a slump in import was seen deepening, according to a Reuters poll, reflecting concerns that the world’s second-largest economy may have cooled further in the third quarter.

Any sign of China’s slowdown being prolonged is likely to harden expectations that Beijing will take steps to boost an economy that has already slowed for six straight quarters and is at risk of missing this year’s target of 7.5 percent growth.

The median forecast of 22 analysts surveyed by Reuters showed China’s exports grew 3 percent in August from a year earlier, while annual growth in imports cooled to 3.5 percent from July’s 4.7 percent.

The monthly trade surplus is seen shrinking to $19.8 billion, from July’s $25.1 billion.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza