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发表于 2017-3-11 04:09:37 | 只看该作者 回帖奖励 |倒序浏览 |阅读模式

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China April exports show signs of stabilizing its surplus to ease pressure on foreign exchange outflow
        
Export growth picked up more than a quarter. April exports in dollar terms fell by 1.8%, slightly below market expectations of 0%. April export growth fell sharply than the 11.5% in March, mainly due to the impact of last year's Spring Festival by March and late due to the low base. And the cumulative growth rate of -9.6% compared to the first quarter,hello kitty occhiali da sole, export growth has accelerated noticeably in April (Chart 1). After April,louboutin femme pas cher, exports, seasonally adjusted growth of 1.5%, better than the first quarter growth momentum.
 
► exports to the EU grew better than the United States and Japan. In April,louboutin homme pas cher, Chinese exports to the EU increased by 3.2%, up 10 percentage points from the first quarter,golden goose, exports to the EU to accelerate the EU economic growth and the recent rebound consistent quarter Eurozone GDP growth of 0.6%,louboutin soldes, up from 0.3% in the fourth quarter . In April,moncler piumini, Chinese exports to the US fell 9.3%,swarovski catalogo, essentially flat with the first quarter; exports to Japan fell 11.8 percent, down 6 percentage points from the first quarter. (Chart 2)
 
 Map
 
► rebound in exports to emerging markets. In April,hogan sito ufficiale, Chinese exports to emerging markets in general than a quarter to accelerate: exports to ASEAN increased by 6.3%, up 20 percentage points from the first quarter; exports to Russia grew by 17.3%, better than the first quarter of zero growth; exports to Brazil up down 20.6% over the first quarter 47% of the decline was significantly narrowed.
 
Import growth is still weak. Dollar-denominated imports in April fell 10.9%, lower than expected growth rate of 4%. April imports fell -1.7% in March compared to expand, also affected by the low base of last March. And the first quarter year on year decline of 13.5% compared with April imports slightly improved (Figure 1). After the seasonally adjusted imports in April fell by 2.2% MoM,louboutin prix, growth momentum remains weak.
 
► increase import prices rose. In April, the general rise in prices of imported commodities,christian louboutin lyon, crude oil and iron ore import prices were more than double-digit growth appears, coal and imports of soybean prices to recover (Figure 3). Part of industrial export prices also rebounded,air max bw, steel export prices rose 13.4%.
 
► For further Hong Kong's imports surged. April China to Hong Kong's imports rose 204 percent,ferrari occhiali da vista, compared with 117% in March rose further (Chart 4). According to media reports, the Hong Kong authorities began a crackdown false trade,basket air max, increase trade finance review,chaussure louboutin femme, and to increase checks on cross-border freight. Hong Kong's imports of high growth can not be sustained.
 
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Trade surplus widened to ease pressure on foreign exchange outflow. April trade surplus of $ 45.6 billion,prada occhiali da sole, $ 40 billion high expectations, to rise again than $ 29.9 billion in March. In late April than in March foreign exchange reserves increased $ 7.1 billion,louboutins, to a certain extent benefited from the valuation effect of the depreciation of the dollar,hogan outlet online, but also eased the pressure on the trade surplus expanded foreign exchange outflow. Recent regulatory authorities stepped up efforts to trade under the verification of foreign exchange transactions will be further suppressed by means of trade channels of capital outflow.
 
Exports show signs of stabilization. The just-concluded Spring Fair turnover reached 28.1 billion US dollars, an increase of 0.1% for the first positive growth since 2012 (Figure 5). In recent months, the leading index also export-related stabilization and recovery,basket adidas, Bureau of Statistics released manufacturing PMI export orders index above 50 for two consecutive months, Customs announced China's exports of leading indicators rose further in April (Chart 6). This year, the domestic infrastructure and real estate investment accelerated, will drive the growth in imports. Trade growth is expected in the coming months to further improve.
 
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