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China's trade surplus narrows

  • China's trade surplus has narrowed to $32 billion in June, with export growth slowing and imports increasing.

    While exports increased by 7.2% from the previous year, imports rose by 5.5%, both missing forecasts.

    Economists have expressed doubts over China’s ability to reach its annual growth target of 7.5% in 2014 under the present circumstances.

    Meanwhile, consumer prices increased by 2.3% in June compared to last year, while producer prices dipped by 1.1% from the previous year in June.

     

     

    Tagged as: China, economy, trade surplus, China growth target, imports, exports, consumer prices, producer prices, business news