The European Union remained China’s largest trading partner. Huang also attributed the surge in trade to higher global commodity prices, rising corporate confidence due to the progress in the China-U.S. trade talks, and a low comparison base. The figure also beat … Supreme Court grants interim bail to Arnab Goswami, two others in 2018 abetment to suicide case, Bihar Assembly elections | No second thoughts about Nitish Kumar as Chief Minister, says BJP in-charge for Bihar, Government to govern Netflix, Amazon Prime and other OTT platforms, Bihar Assembly polls | NDA overcomes stiff challenge to retain power in Bihar, Road bumps: On Fifteenth Finance Commission report, Bihar Assembly elections | Quiet satisfaction in BJP over results. Exports in August rose 9.5% from a year earlier, customs data showed on Monday, marking the strongest gain since March 2019. The December growth rate was the highest since March and beat the median forecast of a 4% increase by a Caixin poll of economists (link in Chinese). Zou said he doesn’t think that increasing imports from the U.S. would mean fewer imports from other countries, because “China has a huge market and our trade is diversified.”, He also said the U.S. decision on Monday to drop China from its list of currency manipulators was the “right choice.”.
Caixin Global has launched Caixin CEIC Mobile, the mobile-only version of its world-class macroeconomic data platform. That 9.1% for exports to overall GDP per PPP in 2019 compares to 9.9% for 2018. China has promised to substantially expand purchases of American goods and services as part of the phase one trade deal that is slated to be signed Wednesday. All Rights Reserved. As we fight disinformation and misinformation, and keep apace with the happenings, we need to commit greater resources to news gathering operations. Goods exports grew 7.6% year-on-year to $237.7 billion last month, ending four straight months of contraction, data (link in Chinese) released Tuesday by the General Administration of Customs showed.
China’s exports rose for the third consecutive month in August, eclipsing an extended fall in imports, as more of its trading partners relaxed lockdowns in a further boost to the recovery in the world’s second-biggest economy. In macroeconomic terms, China’s total exported goods represent 9.1% of its overall Gross Domestic Product for 2019 ($27.309 trillion valued in Purchasing Power Parity US dollars). Export growth has been a major component supporting China's rapid economic expansion. Economists from research firm Capital Economics Ltd. said the improvement in imports was “the result of higher import prices rather than stronger import volumes,” so it would be premature to conclude that there has been a marked pickup in domestic demand. The Hindu has always stood for journalism that is in the public interest.
Cranes lift cargo containers at a terminal at the port of Yangshan in Shanghai, Caixin China Biz Roundup: Hong Kong and Singapore to Launch ‘Air Travel Bubble’, Gallery: China ‘Double 11’ Buyers, You’ve Got Mail, Trending in China: Blackpink and Angry – Social Media Criticize K-Pop Band Touching Baby Panda, Xi Jinping Says Imports Will Grow Over the Next Decade, Gallery: China Will Have You Know That It Buys Stuff, Too, Local Governments Near Completion of Annual Special Bond Borrowing. The pace of growth also beat the Caixin median forecast of a 9% increase.
Trade with the U.S. shrank by 14.6% to $541.2 billion last year, while trade with ASEAN rose 9.2% to $641.5 billion. Editorial: Phase One Trade War Deal Is Worth Celebrating, Participation of Indian Prime Minister Narendra Modi in the 5th Eastern Economic Forum Discussed in Moscow, Get exposure for your startup at RISE 2020, CreditEase’s Tang Ning: China’s Wealth Management Market is Undergoing Five Major Shifts, Meet 5 of the best startups selected to represent China at the largest technology event in Asia. From barren to swampy, Kadapa shows the way in water conservation! We have been keeping you up-to-date with information on the developments in India and the world that have a bearing on our health and wellbeing, our lives and livelihoods, during these difficult times. Imports in December jumped 16.3% from the same period in 2018 to $190.9 billion, the second consecutive monthly increase after six straight months of decline. Higher domestic demand was one reason for last month’s better-than-expected import growth. Imports however slumped 2.1%, compared with market expectations for a 0.1% increase and extending a 1.4% fall in July. As a subscriber, you are not only a beneficiary of our work but also its enabler.
Trade surplus reached $421.5 billion, higher than in 2018 and marking the third highest since 1950, only after 2015 and 2016, according to customs data compiled by economic data provider CEIC. Watch | India’s first batch of homegrown asafoetida, New genus of treefrog discovered in Andaman Islands. You have reached your limit for free articles this month. Your support for our journalism is invaluable. We also reiterate here the promise that our team of reporters, copy editors, fact-checkers, designers, and photographers will deliver quality journalism that stays away from vested interest and political propaganda.
In 2019 China's exports increased 0.5 percent, slowing sharply from a 10 percent rise in 2018, with sales to the US falling sharply amid ongoing trade tensions. European Union and United States were China's leading export partners in 2019.
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Printable version | Nov 12, 2020 5:07:23 PM | https://www.thehindu.com/business/Economy/china-exports-rise-most-since-march-2019/article32566246.ece, With the country in lockdown, overall payments suffered following a slump in economic activity.
Copyright © 2019 Caixin Global Limited. It’s a support for truth and fairness in journalism. The figure also beat analysts’ expectations for 7.1% growth and compared with a 7.2% increase in July. It has helped us keep apace with events and happenings.
However, we have a request for those who can afford to subscribe: please do. “China’s exports continue... to grow significantly faster than global trade,” said Louis Kuijs of Oxford Economics. Exports in August rose 9.5% from a year earlier, customs data showed on Monday, marking the strongest gain since March 2019.
We promise to deliver quality journalism that stays away from vested interest and political propaganda. In December 2018, the country’s imports and exports declined 7.6% and 4.4% year-on-year, respectively.
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China’s trade volume for all of 2019 shrank 1% to $4.6 trillion, as exports expanded 0.5% and imports contracted 2.8%. China’s trade numbers finished 2019 on a strong note as growth of both imports and exports accelerated in December amid improving manufacturing activity and positive signs in China-U.S. trade relations, a customs official said (link in Chinese) at a briefing Tuesday.
Contact reporter Guo Yingzhe (yingzheguo@caixin.com) and editor Michael Bellart (michaelbellart@caixin.com).
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