China’s pace of import growth slowed down in June as the government’s efforts to control growth has hit the domestic demand. As per latest government data in June China’s import grew by 19.3% in comparison to last year, which is a sharp decline of 28.4% rise in May.

While there is a rise in exports of nearly 17.9%, a slowdown compared to the rise of previous month, which was 19.4%. In the world China is the second largest economy and the biggest exporter. In June numbers resulted were weaker than expected in a trade surplus of $22.3bn.

The Action Economics David Cohen in Singapore said that the imports were below expectation. He also added that in China’s growth they are seeing some loss of momentum. According to Mr Cohen the current measures which are taken by China to tighten its financial policy are now showing an impact on the growth of the country.

He also said “The numbers are consistent with decelerating growth, with the soft landing that many people are looking for.” Now even the analysts are concerned that due to rise in consumer prices in the country the domestic demand is also getting hit.

As per a data, in comparison to previous three years in recent year inflation in China has hit its highest level, as in June the prices rose by 6.4%.