China’s trade data released Friday fell well short of expectations, fuelling concerns about the economy and raising the prospect of aggressive government easing later this year, Bloomberg reported. Exports rose just 1% year-on-year in July, far off the 8% median estimate for growth in a Bloomberg survey of economists. Imports, meanwhile, grew by 4.7% year-on-year in July, down from 11.3% in June and short of the expected 7% gain. The country’s trade surplus came in at US$25.1 billion, down from US$31.5 billion a year earlier. The lower-than-expect trade data, combined with low inflation figures released Thursday, could increase the chances that Beijing will push a stimulus or further monetary easing later this year.
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