Related News
Trade data fail to give stocks a lift
Online Edition
SHANGHAI stocks were little changed yesterday as a slight upturn in China's trade failed to ease market concerns about economic growth.
The Shanghai Composite Index ended 0.01 percent lower at 2,038.34 points.
China's exports grew 7.2 percent from a year earlier in June, up slightly from a 7- percent rise in May, the General Administration of Customs said yesterday. Imports rose 5.5 percent last month, reversing from a fall of 1.6 percent in May.
"Both exports and imports grew slower than expected, indicating an economic recovery is lackluster in overseas markets and domestic demand was also too fragile to support an economic rebound,” said Liu Dongliang, a senior analyst at China Merchants Bank.
The bank had predicted an 8.5-percent gain in exports in June and 6.8-percent rise in imports.
The Bank of China dipped 0.8 percent to 2.54 yuan (41 US cents) after the bank denied helping to launder money for clients by ignoring the annual cap on foreign exchange for individuals.
Xiamen King Long Motor Group gained 6.1 percent to 10.75 yuan after the government said it will exempt taxes on purchases of new energy cars from September 1.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
