During the month of June, China's exports were on a drastic decline of 3.1%. However, after the month of July came around, China was back on their track with an immediate gain of 5.1%. For imports, it had dropped in 0.7% for China during June, but then had a great leap of 10.9% during July. Among the trades of exports, electronics rose up for another 11.3%. The apparel section did extremely well with an increase of 13.9%. In reports, it states that imports has also risen 20% for crude oil, increase in iron-ores of 27%, and 18% in coal. As a result of this, Chinese stock recorded in the Hang Seng Index was extended by 0.4%. While in the Shanghai Composite Index, Chinese stock furthered their 0.3% loss to a 0.5%.
No comments:
Post a Comment