The growth issued in August in China is slowed in 6 months with the dangers of American tariff

By Joe Cash

BEIJING (Reuters) – Export growth in China slowed down to the lowest level in six months in August as short support from A. tariff The truce faded with the United States, but the demand elsewhere has provided officials with some relief because they are trying to support an economy facing a decrease in local consumption and external risks.

The authorities rely on manufacturers to diversify to other markets in the wake of the American President Donald TrumpThe wrong trade policy, allowing them to reach the goal of the annual growth in Beijing of “about 5 %” without rushing to provide additional financial support in the short term.

Customs data showed on Monday that external charges from China increased by 4.4 % year on year in August. They compared a 7.2 % increase in July.

Imports grew by 1.3 %, after 4.1 % grow a month. Economists have expected 3.0 % increase.

The slowdown in export growth was affected by a high base of comparison, but the character of last August was distorted by hasty manufacturers to overcome the definitions of a number of commercial partners.

“I would like to say that the number is still appropriate, and the elastic exports have certainly continued for a longer period than we expected,” said Shu Tianchion, chief economist in the Economic Intelligence Unit.

He added: “The possibility of a very low financial incentive. China still has a number of economic tools such as bank credit for politics and cash dilution, which may be sufficient to help it reach 5 %.”

Customs data showed, while China’s exports to the United States increased by 33.12 % year year in August.

Chinese producers are trying to export more markets in Asia, Africa and Latin America to make up for the Trump tariff, but there is no other country that approaches the power of US consumption, which accommodated more than $ 400 billion of Chinese goods annually.

With Trump threatening in July 40 % of the tariff penalty for goods that were transferred from China to the United States to evade his previous Viva, the time when Chinese factories can continue to find American buyers in this way.

But policy makers hate the implementation of painful economic reforms, but affect the need for them to capture a solid in local consumption under external pressure, analysts say.

“The collapse of import data) said a receipt in energy shipments, but this was more compensated than declining in the imports of chips and industrial minerals, with the latter probably the constant slowdown in construction activity,” said Zicon Huang, economist at Capital Economics.