China’s trade growth has unexpectedly slowed down

Almaty. August 8. Silkroadnews – China’s trade growth unexpectedly slowed down in July, BusinessLive newspaper reported.
After several months of steady dynamics, the official data show, growth of trade in China in July slowed significantly compared to the previous month and turned to be significantly lower than expected, the report said.
With this, the analysts note, export and import rates remained steady year-on-year, though recent data showed a downward trend.
It is reported that exports grew 7.2% year on year to $193.65 billion versus the expected 11%, imports grew 11% year-on-year to $146.9 billion versus the expected 18%.
As the publication reminds, China makes efforts to limit the export of capital and risky bank lending imposing restrictions on property.
Currently, regulators are focused on curbing the risky financial methods that have long been visible, but are stubbornly ignored. The point in case is about several large quasi-private companies, such as Wanda, Anbang and Fosun, who used cheap loans from state-owned banks, the publication notes.