Daily Management Review

Chinese economy starts to feel better


04/14/2016


In March, China's exports showed the most significant growth over the last year, by 11.5%, to $ 160.8 billion. Imports continued to decline, but the fall has slowed down. It fell in March by 1.7%. According to experts, such a growth in exports is one of the evidence of stabilization of the Chinese economy.



Daderot
Daderot
According to official data released on Wednesday, China's exports rose in March by 11.5% in dollar terms to $ 160.8 billion. This is the most significant export growth over the past year. Chinese imports has been falling for the 17th consecutive month, while in March it slowed somewhat - it decreased by 7.6%, to $ 131 billion RMB. Export growth was 18.7%, while imports decreased by 1.7%. Exports to the US rose in this period by 9%, in the EU - 17.9%. In March, steel exports from China increased significantly by 30% to 9.98 million tons. After the publication of these data, the Chinese index Shanghai Composite Index rose 1.4%, up to a maximum of the last three months’ values.

According to experts, the growth of exports is one more proof of the stabilization of the situation in the Chinese economy. As stated by a Hong Kong-based economist of Natixis SA Iris Pan: "It looks really very encouraging." However, in her opinion, it’s too early to conclude that the worst times for China's exports are over: "We need more evidence that the entire production sector is developing normally again." As stated by an analyst at Bank of Shanghai China Merchants Bank Liu Donliang: "The sharp drop in trade is coming to an end, but how sustainability of this recovery is still in question. These data reflect an improvement in the external market demand, rising raw material prices and a recovery in domestic demand. " At the end of March, China's National Statistics Office (NSO) reported that the total profit of China's industrial enterprises in January-February of this year grew by 4.8% and amounted to 780.7 trillion yuan ($ 119.8 billion). This is the most significant growth during the last 18 months.

According to some experts, the growth of exports in March is reflecting mainly seasonal variations. Thus, in February, China's exports fell by 25% since this period spanned the vacation week of to the Chinese New Year. "The results are largely obliged to seasonal factors in the period of the year. Export is weak and is likely to remain so in the coming months ", - said the founder of Silk Road Associates research firm Ben Simpfendorfer.

source: bloomberg.com






Science & Technology

Fast Company: Apple isn't the most innovative anymore

U.S. Space Program Could Be Delayed Due To SpaceX, Boeing Design Risks: Reuters

What trends will be affecting the health sector in the coming years?

Deloitte identifies main cyber threats for power industry

Zenuity To Take Self Driving Car Road Test In Sweden With Permission

Researchers: Half of Facebook users is fake

Amazon’s Ring gets in a privacy scandal

Facebook Is Creating A Stablecoin For Its WhatsApp Users

IBM offers to use the first quantum computer

Passport Numbers Of 5 Million Customers Hacked: Concedes Marriott

World Politics

World & Politics

AirHelp expects up to 33 th of cancellations and flight delays per day all over the world in 2019

Far-right and Catalonia: New elections in Spain

Trump is losing rating because of shutdown

Hanoi, Vietnam Chosen As Place For 2nd Summit Between Trump And Kim Jong-Un

US, China to hold new negotiations in Beijing

Human Rights Not To Be Dissociated From Stability, Macron Tells Sisi

Brexit Hijack Is Not The Parliament’s Right

Macedonia ignites political crisis in Greece