China’s exports rose less than 3 percent for a second month while imports had the first non- holiday decline since 2009 as the nation’s slowdown and Europe’s debt crisis curbed demand at home and abroad.
Overseas shipments gained 2.7 percent in August from a year earlier, China’s customs administration said today in Beijing. That compares with the median forecast of 2.9 percent growth in a Bloomberg News survey of 36 economists. Imports fell 2.6 percent, leaving the country with a trade surplus of $26.7 billion.
—- (via China Imports Unexpectedly Drop as Exports Rise Less Than 3% - Bloomberg)
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Investors are hopeful that further stimulus will be rolled out. However, the prospect of resurgent inflation (stagflationary conditions) will likely keep officials hesitant to fire the cannons. Either way, expect more calls for stimulus and some leeway given on the part of officials.
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