08.08.2016

China: growth still weak, import-export stable

Chinese import-export still firm in July. Exports of the Asian giant were down by 4.4% on an annual basis, while imports fell by 12.5%, the steepest drop since January. For the first few analysts predicted a decline of 3%, 7% for the latter.

Imports were well down in 21 of the last 24 months, exports in 12 of the last 13. The balance was a surplus net trade balance of 52.31 billion dollars, the highest since January. And so, in the first 7 months of the year, China's imports from the rest of the world decreased by 10.5% on annual basis (-8% in 2015), while exports fell by 7.4%.

Yet China suffers less of the planet as the rest of the global economy slowing down, confirming that continues to export more than it amounts, not contributing to the reduction of global imbalances. The figure for imports is particularly bad, because it would be the light of the reduction in Chinese demand for goods and services from the rest of the world, not only due to the slowdown of the domestic economy, but also of -6% charged by the yuan against the dollar in recent 12 months.

In the second quarter of the year, China's GDP grew by 6.7% trend, exactly as in the first quarter and in line with the target of the Chinese government, which has set for this year a growth rate of between 6, 5% and 7%, the lowest in 25 years.


Events


Semptember 2015
  • 23
    Mar

    GFAI is a unique event presenting alternative asset management in Geneva.

  • 24
    Mar

    On March 24th/25th, 2017, START Global organizes its yearly flagship event: the START Summit gatheri

  • 28
    Mar

    Zielgruppe: Rechtsanwälte, Treuhänder, Richter, Staatsanwälte, Mitarbeiter von Banken, Versicheru

  • 28
    Mar

    CM-Equity Investment is very pleased to announce that they are able to win over the Head of Salahadd

  • 29
    Mar

    Private Client Tax Planning Strategies, Russia Tax Administration Anti Evasion Policy , Oecd And Eu

See All

newsletter

Updates and news from MarketPlus

Market Overview
SMI PR8569.040,01 %
LYXOR DAX INAV114.3870,38 %
FTSE MIB Index20060.000,53 %
FTSE 1007318.99-0,08 %
CAC 405006.090,23 %
S&P 5002348.450,19 %
NASDAQ Composite5821.640,48 %
HANG SENG INDEX24327.700,03 %
Powered by Yahoo Finance