France's Trade Deficit Continued To Expand &Nbsp In May, With A Growth Of 29.1%

         French customs Data released on the 7 day showed that the French trade deficit continued to expand to 5 billion 500 million euros in May this year due to the sharp reduction in aviation industry orders. The growth rate was 29.1%.

Data show that in May this year, the export volume of France was 29 billion 900 million euros, a decrease of 5.6% compared with the annex, with an import volume of 35 billion 400 million euros and a decrease of 1.6% in the annulus. So far, France's trade deficit has risen to 45 billion 800 million euros in the past 12 months.

France's Ministry of Economic Affairs said in a communique that exports of aerospace products, including France, including aircraft and satellite equipment, declined sharply and exports of refined oil products to EU countries decreased, resulting in a sharp decline in exports in May. In addition, imports of household appliances and refined oil in France dropped sharply, resulting in a slight contraction in imports in May.

French economist Nicola Bbu Zoe believes that France's import weakness reflects its insufficient domestic demand, while French exports also depend on the growth of demand in emerging markets and the United States. He also expressed concern that the other members of the eurozone were the main players in France. Trading partner Tightening fiscal policy may further reduce their demand for French products.

Supplement:

　　 New products Suspension of sale

Products sold are not affected.

The silver credit products that were once popular for a long time, that is, financial products jointly issued by banks and trust companies, are facing the fate of being stopped by regulators. Recently, the news of the news of the suspension of the bank's financial products was booming. The Yangcheng Evening News reporter yesterday confirmed to the Guangdong banking regulatory bureau that no relevant written documents or notices were issued, and whether oral notification was not confirmed. However, Yangcheng Evening News reporter still confirmed the credibility of the news from many bankers.

Silver letter "new products" suspended sale

A head office of a joint-stock bank confirmed to reporters that because the notice was not directly issued to the bank, they were also informed by the cooperative trust company. Last Friday, the CBRC issued a verbal notice to the various trust companies to suspend the issuance of bank credit cooperative financial products.

It is reported that the scope of the suspension includes not only the trust and loan products of the banking industry, but also the equity investment products and other structural products of the bank and credit cooperative. In fact, as early as the end of last year, the CBRC had issued a notice in order to prevent banks from breaking through the credit limit to implement the loan "maneuver", requiring banks to trust financial products not to invest in the issuing bank's own credit assets or bills assets.

A person from the Guangdong banking regulatory bureau said that no written documents or notices were received from headquarters. Another head of the bank's gold division told the Yangcheng Evening News reporter that, according to the new spirit, the silver products that had been sold will not be affected, but will suspend the cooperation with the trust companies to sell the new silver credit products.