China’s exports fall in March by 15 percent – tagesschau.de

Date: 13.04.2015 09:59 clock

experts had expected an increase, but the economic data from China are surprisingly bad: a drop of nearly 15 percent in exports and a massive decline in imports. The guide explains this by the “complicated” global economy.

The Chinese exports have slumped surprising. Exports fell in March compared to the same month last year by 14.6 percent, as the Customs Administration announced. Imports also went back to -. Namely 12.3 percent as strong as in May 2009 no longer

What influence did the New Year holidays

The customs authorities referred to the creation of the “complicated” global economic activity. However, a spokesman emphasized that especially the late start of the New Year holiday is the end of February responsible this year, in which numerous factories are closing their doors. Without this holiday exports would have declined by only 4.4 percent, said the spokesman.

Experts see the numbers extremely critical. Many analysts had expected that the numbers around the Chinese New Year celebrations would increase significantly. The economist Louis Kuijs of the Royal Bank of Scotland in Hong Kong said the export statistics is a warning sign of global demand and the competitiveness of the Chinese economy, “It is a weak figure that fell far short of expectations.”

Experts expect monetary easing

market analyst Satoshi Okagawa of the bank Sumitomo Mitsui warned plated economic pessimism. He firmly reckon with a further easing of Chinese monetary policy in order to grasp the ailing economy under the arms.

Economic development is pursued by the leadership in Beijing with great attention, because a weakness in the export sector could have an impact on the labor market. The communist government fears that it could lead to unrest with an increase in unemployment. The labor market has so far shown but surprisingly stable

China’s economy grew last year by only 7.4 percent. it was the smallest increase in 24 years. The government in Beijing last month lowered its growth target to around 7.0 percent for this year.