Compared with a year earlier, China’s exports of goods rose 12.7 percent in November. In additional, the imports increased 5.3 percent. However, it is leading to a trade surplus for the month of $33.8 billion depending on data from the General Administration of Customs. Many businessmen and experts think that as resurgent need from consumers in the European Union and the United States and helped put the Asian manufacturing juggernaut on track for its biggest annual trade surplus since 2008. It is a good news for the Asian. As a purchaser or trader see the new of China’s Exports and Imports.
It is only one side. On the other hand, some analysts said that there is an anomaly of Chinese trade data. Although companies are over invoicing the yearly comparison figures, which is common phenomenon in Chinese economy. Louis Kuijs who is the chief China economist at the Royal Bank of Scotland in Hong Kong, agreed with that the year-on-year growth data overstates the actual export momentum. Nonetheless, he indicated that China’s exporters are benefiting from the global activity and trade cycle is gaining momentum and driven by the recovery in high-income countries. At the same time, they showed that the underlying export trends were encouraging. It is a good trend in the international trade.
So far, customs figures show the China’s exports to the European Union rose 18.5 percent last month, to the United States rose 17.3 percent. This is benefit from improving demandin the West, Chinese goods led to greater-than-expected growth in shipments to major trading partners. On the whole, it is perfectly a good new. We need to foucs on that China’s trade surplus is rising violently. Anyway, there are some disadvantages from this situation. All Chinese exporter and foreig importer have to face the renminbi appreciation problem. China exporters also realize rising wages at home and weak demand from overseas. The profitability has become more difficult for Chinese manufacturers and trading firms in recent years.
Last year, the Indian exports to China is a steep decline. Especially, the steel consumption has diverted to the China. Recently, it is also till regarded as the world’s factory for its massive export potential. The the Bao Steel in Shanghai is the biggest factory. The China’s exports totalled is so big, which is a one of reason why the EU and the US import from China. China could achieve the 8 percent trade growth target for the whole year. If you are looking for Chinese suppliers or paying more attention to the China’s Exports and Imports. Don’t miss the chance. Maybe you would to publish what you import on whatyouwant.cn. It is free for every purchaser.
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