Exact(2)
It is in part a reaction to expected weaker imports from the west as consumers repay debt rather than spend at previous rates.
Imports were also dragged down by cheaper oil and commodity prices, and by weaker imports of materials and components used to make exports (over 50% of total imports).But a more worrying reason why China bought less from the rest of the world is that its domestic demand has weakened.
Similar(56)
The risk with such crude measures is that it is easy to overdo things and cause a more severe contraction than intended.Short-run gloom, long-run boomThe recent pace of China's growth is unsustainable and the rest of the world needs to prepare itself for slower growth and weaker import demand from China over the next year or two.
When the dollar is weak, imports are more expensive.
The weak import data underlined slack demand within China.
The weak import growth reflected slack domestic demand within China, where a cash crunch engineered by the central authorities last month has weighed on bank lending.
"[Imports fall] is partly a reflection of lower commodity prices and base effects, but these two factors cannot fully explain the weak import number and we have to assume that poor domestic demand has played a part," he said.
But western skills in quality control, distribution, marketing and branding still make a huge difference, especially when local competition is weak and imports are kept out by tariff barriers and bureaucracy.Foreigners are also investing in industries that offer better long-term prospects.
U.S. Automakers Post Weak Sales, Imports Mixed.
He added, however, that the rules were "an important improvement over the weak current import system".
Too weak, and imported inflation spikes and domestic buying power fades.
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