- Analytics
- News and Tools
- Market News
- China's imports and exports improved
China's imports and exports improved
According to rttnews, China's exports declined at a slower than expected pace in August, while imports logged the the first growth since 2014 on strong domestic demand.
Exports declined 2.8 percent year-on-year in August but slower than the 4.4 percent decrease seen in July, the National Bureau of Statistics said Thursday. Economists had expected a 4 percent fall.
Meanwhile, imports grew 1.5 percent in contrast to a 12.5 percent decline in July. This was the first increase since late 2014 and confounded expectations for a 5.4 percent drop.
The trade surplus came in at $52.05 billion versus July's $52.31 billion balance. The surplus was forecast to rise to $58.8 billion in August.
Looking ahead, a gradual recovery in global demand probably means some further upside to export growth in the coming quarters, Julian Evans-Pritchard at Capital Economics, said.
The economist said import growth should also pick up further on the back of stronger domestic demand and a further recovery in global commodity prices.
In yuan terms, exports increased 5.9 percent and imports advanced 10.8 percent from the same period last year.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
