China imports in August down for 2nd straight month

[BEIJING] China's imports unexpectedly fell for the second consecutive month in August, posting its worst performance in over a year and stoking speculation about whether authorities should loosen policy further to revive domestic demand.

Imports by the world's second-biggest economy fell 2.4 per cent in August compared with a year ago, the General Administration of Customs said on Monday, missing a Reuters estimate for a 1.7 per cent rise.

It was the second straight month that China's import growth was surprisingly weak, raising concerns that tepid domestic demand, exacerbated by a cooling housing market, is increasingly weighing on the economy.

In contrast, China's exports were surprisingly buoyant...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to