www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Economy

Global recovery bodes well for China's trade

By Zhou Feng (chinadaily.com.cn) Updated: 2014-07-07 23:08

External markets have been getting better in the past months, an improvement boding well for the Chinese economy. It is expected that China's foreign trade will increase at a faster pace in the second half of the year, helping the country achieve its yearly economic growth target and avoid resorting to greater monetary loosening.

In the United States, China's largest single-country export market, signs are becoming more evident that the economic recovery is turning solid. After the cold weather reduced production and consumption in the beginning of the year, business activities turned active in the second quarter. Purchasing managers index, which gauges the manufacturing activities, hit 55.2, a remarkable increase from 52.7 in the first quarter.

Retail sales grew 4 percent year-on-year from March to May, outperforming 1.6 percent in the January-February period. Rising US consumption is especially a good sign for Chinese exports.

Business confidence in the US also went up, with a government survey showing 44 percent of CEOs expressing willingness to increase investment in the second half. The figure was higher than last year's average of 35 percent. Employment also recovered to the pre-financial crisis level.

All these showed solid improvements in the US economy.

Europe, another major Chinese export market, does not do as well as the US, but the continent is also on a weak recovery. Its consumption rose in the second quarter and the labor market improved slightly. The scenario points to a stable demand for Chinese products.

ASEAN economies see their growth bounce, with Indonesia, the Philippines, Thailand and Vietnam achieving better growth rate in the second quarter. Among them, Indonesia' consumer confidence index hit 95.1 in May, the highest level since 2005. ASEAN has gradually becomes an important export destination for China instead of just a raw material supplier to China. So economic recovery in Southeast Asia also bodes well for Chinese exports.

By comparison, Russia and Brazil are sluggish in economic growth. But considering the fact that the two countries are major commodity suppliers to China, slower growth there means China can have bigger opportunities to buy commodities at lower prices. This will help reduce production costs in China and help control inflation.

China's foreign trade in the second quarter actually improved than in the first. From the import figures of the country's major trading partners, demand from the US, the EU and Japan recovered visibly, while demand from ASEAN and emerging markets turned weak. But the overall situation is not bad.

According to Chinese Customs, China's foreign trade dropped 0.4 percent from January to May. But the decrease was based on high base built on the over-invoicing in the first half of last year. If this factor is ruled out, the real trade may have increased by 6 percent.

Looking ahead, the global recovery in the rest of the year will provide small impetus to China's trade. As the high-base factor diminishes in the second half of the year, it is highly likely net exports growth will help polish the GDP figure.

With trade performance stabilizing and more likely improving, the yearly economic growth target of 7.5 percent is well within reach.

That will help soothe the worries of excessive economic slowdown and boost policymakers' confidence to stay away from further stimulus measures.

It is highly likely that top policymakers will not resort to more monetary loosening in the second half of the year.

The author is a Shanghai-based analyst.

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 久爱午夜精品免费视频 | 2021国产精品系列一区二区 | 午夜dj视频完整社区 | 免费观看日本特色做爰视频在线 | 手机看片日韩高清国产欧美 | 91亚洲精品在看在线观看高清 | 免费一级α片在线观看 | 亚洲高清国产一区二区三区 | 毛片免费视频观看 | 美国毛片aaa在线播放 | 我们2018在线完整免费观看 | 韩国欧洲一级毛片 | 欧美在线看欧美高清视频免费 | 亚洲在线观看免费视频 | 99香蕉网| 欧美成人怡红院在线观看 | 一级毛片在线视频 | 成年人黄色免费网站 | 在线一区国产 | 欧美中日韩在线 | 亚洲天堂影院在线观看 | 黄色美女网站视频 | 国产成人精品一区二区视频 | 黄毛片一级毛片 | 新版天堂中文资源官网 | 日韩欧美精品综合一区二区三区 | 国产精品久久久久久免费播放 | 高清国产精品久久 | 亚洲一级毛片免费观看 | 亚洲一区中文字幕在线 | 久久久久在线 | 亚洲欧美精品国产一区色综合 | 中文字幕国产欧美 | 国产不卡一区二区三区免费视 | 亚洲专区在线视频 | 一级国产a级a毛片无卡 | 国产一级久久久久久毛片 | 欧美aaa大片| 国产欧美日韩不卡在线播放在线 | 成人满18在线观看网站免费 | 亚洲欧美日韩另类在线 |