久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

US EUROPE AFRICA ASIA 中文
Business / Economy

Trade surplus skyrockets to hit monthly record

By Zhou Huiying and Mu Chen (China Daily) Updated: 2014-08-09 07:40

Trade surplus skyrockets to hit monthly record

A truck carrying goods goes through customs at the Suifenhe-Pogranichnyy Port in Heilongjiang province on Thursday. [Wang Zhen / China Daily]

China's trade surplus surged to a monthly record high in July as export growth unexpectedly accelerated and imports fell, suggesting the recoveries in the United States and Europe will help sustain expansion in the world's second-largest economy.

Overseas shipments increased 14.5 percent from a year earlier, the Beijing-based customs administration said on Friday, beating all estimates in a Bloomberg News survey that had a median projection of 7 percent. Imports dropped 1.6 percent, leaving a trade surplus of $47.3 billion, bigger than all analyst estimates.

Sales to the biggest markets of the US and Europe surged, indicating strength in demand that will reduce pressure on Premier Li Keqiang to expand stimulus measures in the second half to bolster growth. The report contrasts with the International Monetary Fund's estimate last month of a slowdown in the US economy that accompanied a cut in its global growth outlook.

"Exports have become a particularly important factor supporting Premier Li's 7.5 percent growth target," said Dong Tao, chief regional economist for Asia excluding Japan at Credit Suisse Group AG in Hong Kong. "Exports may continue to grow at a double-digit rate, or at least close to double digits, in the coming months."

The record high trade surplus in July and an anticipated improvement in trade will help to support a "steady yet small" appreciation in the yuan, Tao said.

The Shanghai Composite Index reversed losses to gain 0.3 percent at the close. The MSCI Asia Pacific Index of stocks was down 1.4 percent in Tokyo.

The pickup in exports follows June's 7.2 percent increase and compares with analysts' estimates for gains ranging from 2.9 percent to 10 percent. The median projection for imports was a 2.6 percent increase, after a 5.5 percent jump in June, and the trade surplus was forecast at $27.4 billion, following $31.6 billion the previous month.

China's exports to the European Union rose 17 percent in July from a year earlier and shipments to the US jumped 12.3 percent, the biggest gain since November, based on customs data compiled by Bloomberg. Sales to countries in the Association of Southeast Asian Nations gained 11.9 percent.

The trade surplus for the first seven months widened to $150.6 billion from $125.9 billion in the same period last year. The previous monthly record was $40.1 billion in November 2008.

The excess in July may partly reflect capital inflows, though there's no clear evidence of that, Hua Changchun, China economist at Nomura Holdings Inc in Hong Kong, said.

The surplus suggests pressure on the yuan to appreciate will probably increase if the central bank doesn't actively intervene in the foreign-exchange market, economists at Australia & New Zealand Banking Group Ltd wrote in a report after the release.

Trade surplus skyrockets to hit monthly record

Trade surplus skyrockets to hit monthly record

China's export beats forecast, surplus at new high Paring off time

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 国产午夜不卡在线观看视频666 | 欧美成人三级网站 | 中文字幕一区二区三 | 精品一区二区三区波多野结衣 | 国产a网站 | aaa欧美| 中文精品久久久久国产网址 | 国产成人在线视频播放 | 国产精品午夜国产小视频 | 国产欧美专区在线观看 | 91成人免费观看 | 三级黄色网 | 亚洲精品无码不卡 | 黑人一级片 | 91成人午夜性a一级毛片 | 韩国精品视频在线观看 | 久久精品夜色国产 | 亚洲欧美日韩国产专区一区 | 亚洲欧美韩日 | 精品国产品欧美日产在线 | 美女网站在线观看视频18 | 日本免费特黄aa毛片 | 欧美成人aa| 波多久久夜色精品国产 | 亚洲一区视频在线 | 亚洲综合国产精品 | 国产成人cao在线 | 欧美在线高清视频 | 欧美日韩高清不卡免费观看 | 中文字幕亚洲在线 | 97视频在线免费播放 | 日韩精品中文字幕一区三区 | 精品欧美一区二区在线观看欧美熟 | 色综合久久久久 | 男人的天堂在线免费视频 | 午夜视频一区二区三区 | 国产亚洲精品久久精品6 | 久久国内精品自在自线400部o | 久久久久亚洲精品影视 | 亚洲韩精品欧美一区二区三区 | 亚洲国产99在线精品一区二区 |