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China's foreign trade has grown steadily
Author:管理员    Released in:2017-07-21 10:37:51    Written words:【Big】【In the】【Small
Abstract:Judging from the export data in May, the impact of the European debt crisis on China's exports is less than expected. This shows that China's export recovery is better than the market expectations, but the future foreign trade situation is still not optimistic.

Judging from the export data in May, the impact of the European debt crisis on China's exports was less than expected, indicating that China’s export recovery is better than market expectations, but the future foreign trade situation is still not optimistic.


        In May, China’s foreign trade exports were US$131.76 billion, an increase of 48.5%, an acceleration of 18.1 percentage points from the previous month, and a strong growth rate hit a new high since March 2007. Analysts pointed out that the high growth of China’s foreign trade exports in May benefited from the low base and other factors in the same period of last year. It was also the result of the recovery driven by the recovery of external demand in the context of the recovery of the world economy. Experts predict that China’s foreign trade will grow steadily this year.
        According to customs statistics, in the first five months, China’s total value of imports and exports reached US$110.09 billion, an increase of 44% over the same period of last year. Among them, exports were US$567.74 billion, up 33.2%; imports were US$532.35 billion, up 57.5%; trade surpluses were US$35.39 billion, down 59.9%.
        In May of last year, the bilateral trade between China and EU increased by 37.4%. The impact of the European debt crisis was less than expected. Under the influence of the European debt crisis and the world economy’s “double bottom” concern, foreign trade data in May attracted much attention. Most analysts believe that from the export data in May, the impact of the European debt crisis on China's exports is less than expected, indicating that China’s export recovery is better than market expectations. Judging from the current situation, the impact of the European debt crisis on China's imports and exports is still not great.
        In the first five months of this year, the bilateral trade value between China and the EU totaled 177.49 billion U.S. dollars, an increase of 37.4%. During the same period, the total value of bilateral trade between China and the US was 138.68 billion U.S. dollars, an increase of 28.2%. ASEAN, with its weak advantages over Japan, became China’s third largest trading partner. The bilateral trade value reached 111.8 billion U.S. dollars, an increase of 57.5%. During the same period, the total value of bilateral trade between China and Japan was 111.56 billion U.S. dollars, an increase of 38.8%.
        Zhou Shiyi, a macro analyst at Galaxy Securities, believes: “Europe’s economic outlook remains positive despite the recent turmoil in European financial markets.” The data released by the U.S. Economic Consultation Association on May 27 showed that the euro zone’s leading indicator rose by 0.9% in April. 110.4 points, up 1.2% and 0.5% respectively in the previous two months. This shows that after the economy has emerged from the recession, the recovery is continuing and the leading indicators have returned to a steady upward process, suggesting that economic activity will pick up moderately in the second half of this year.
        At the same time, the U.S. economy has also continued to improve. Zhou Shiyi said: “In the good environment of stable real estate, stable economic development and improved employment, U.S. residents’ consumer confidence improved.” In May, U.S. consumer confidence index rose for the third consecutive month, rising to 63.3. The expected value of the person also rose to the highest level since August 2007.





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