Growth in the Import and Export Sector Sees a Slow Growth in February
The import and export in China will be seeing a slow growth in February which cause trade surplus which shrank more than half a reported by a Reuters poll that reinforced views on the economic momentum is slowly weakening.
Soft manufacturing numbers in February heightened concerns on the extent of the slowdown of the world’s second biggest economy as its services sectors have appeared to regain some of its momentum. Growth in export is expected to ease around 6.8 percent this month on a year on year basis compared with the 10.6 percent in January. Growth in import has also decrease down to 8 percent from 10 percent.
This resulted for the trade surplus in February and is said to drop down to US$ 14 billion from the previous US$ 31 billion in January. Furthermore analyst are cautioning against basing too much in the figures in the just the first two months of the year as things are still changing. The Chinese new year has still continued to give problems with the incoming data and to help in clearing out distortion that happened from the week long holiday that fell predominantly, the statistics will be releasing a combined date on retail sales, investment and industrial output for the first two months of the year.