China Imports USD y/y

Country: China, CNY
Importance:
Medium
Sector: Trade
Last release
Actual
-3.9%
Forecast
-1.0%
Previous
-2.3%
Date (GMT)
Reference
Actual
Forecast
Mar 2011
27.3%
Feb 2011
19.9%
Jan 2011
51.6%
Dec 2010
25.6%
Nov 2010
37.7%
Oct 2010
25.3%

China Imports USD y/y reflect a percentage change in the dollar value of goods purchased by residents from non-residents in the reported period compared to the previous period.

A buyer in import transactions is forced to purchase foreign currency in order to pay for the goods. So the growth of imports may have a negative effect on yuan quotes.

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