China's trade surplus narrows
July 10 , 2014
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.