Aug 8, the general administration of Customs announced the first 7 months of this year's foreign trade data, the first 7 months of this year, China's imports and exports of goods 15.46 trillion RMB, compared with the same period last year (below) 18.5%. Among them, exports 8.53 trillion RMB, the growth 14.4%, imports 6.93 trillion RMB , the growth 24%, the trade surplus 1.6 trillion RMB, the narrowing 14.5%.
  Data show that in July this year, some of the import volume of commodities in a certain degree of decline in the chain. For example, the import of coal and lignite decreased by 11%, the year-on-year decline of 8.25%, steel imports of the chain fell 15.31%, than before decline of 13.27%.

Exports to Europe and the United States to fall back

  According to the July single month data released by the General administration of customs, China's import and export value of 2.32 trillion RMB, which exports 1.32 trillion RMB, 11.2%, lower than the first half of 2017, the average growth rate of 14.92%; Import 1 trillion RMB, growth 14.7%, trade surplus 321.2 billion RMB, expand 1.4%.
  The first 7 months of this year, our country and the EU trade value of 2.33 trillion trillion RMB, growth of 17.1%, the total value of China's exports of 15.1%;But from July to one month, China's exports to the EU and the United States have fallen. Societe Generale's macro research report shows that in July this year, China's exports to the United States and the European Union were the main factor in the decline of export growth, pulling more than June down 1.9 and 0.8%. Both the US and euro manufacturing PMI slowed in July. From the product type, July exports of mechanical and electrical products pulled relative to June decline of 1.89%, High-tech products slipped 0.75%.
  From the statistical results, the July import and export growth not only did not meet the expected value of the financial institutions, but also since 2017, the first month of import and export growth rate of less than 15%, and import and export growth of the highest single month compared to a decline of more than 10%.