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1. Exports Show revival

“Export values returned to growth from contraction last month, but this was mainly due to a lower base for comparison. Export volumes were little changed from March,” Analysts at Capital Economics.

China Exports of April Analysts at HSBC said that exports to emerging countries and transportation products were a major contributor.

“The revival back to positive growth may be in part reflecting some of the green shoots we have been seeing in global demand,” They said.

2. Lower base ‘plays a role’ as imports surge

China’s Imports increased by 8.4 percent from the previous year. AprilCompared to a fall of 1.9 percent in March.

Comparing with a lower base “played a role”According to Capital EconomicsImports grew in terms of volume, but exports declined.

“A boost in global commodity prices, as well as a more constructive domestic demand boosted by ongoing policy support were also contributing factors,” HSBC added analysts.

“A pickup in electronic and hi-tech imports, which also saw double digit growth, may have also been supported by some of the improvement in global demand as well as the recent domestic push for equipment upgrading.”

3. Trade surplus rises

China’s trade surplus stood at US$72.4 billion in AprilThe US dollar value of the market is now US$58.6 Billion, up from US$58.6 Billion in March.

4. Emerging Markets shine

China’s Exports to the United States The number of people who are unemployed has dropped by 2.8% AprilWhile its exports to the European Union The number of people who are enrolled in the program has decreased by 3,57 percent.

Exports You can also find out more about the following: RussiaThe meanwhile fell by 13.56 % year-on year AprilThe double-digit decline seen last month continues.

And Shipping to the Association You can also find out more about the following: Southeast Asian Nations In 2008, the number of people who voted for President increased by 8.15 percentage points. April Year on year,

“The April data shows a continuing trend of exports outperformance to emerging markets relative to developing markets,” Analysts at HSBC.

5. Exports Risks are higher, and domestic demand is the key.

Analysts There are many ways to get in touch with us. Capital Economics Expect export volumes to decline in the next few months as a result of the cooling consumer spending in advanced countries and the decreasing tailwind due to lower export prices.

“We expect exports to drop back further over the coming months. Overcapacity has pushed down export prices and fuelled the recent strength in exports,” They said.

“But with manufacturers profit margins already squeezed, their ability to slash prices has diminished and export prices are now bottoming out. In addition, the ongoing trade-weighted appreciation of the [yuan] will pose further challenges.”

We Do you still think that domestic demand will be the primary driver of growth this year?


Analysts HSBC stated that the April Data suggests we could be tentatively seeing more signs that global demand is recovering, but that the focus will likely be on maintaining the momentum of domestic demand.

“We think domestic demand will still be the key driver for growth this year. Ongoing resilience in consumption and policy easing such as for upgrading and for property demand should help put growth on track towards the ‘around 5 per cent’ target this year,” Additions to the list include:

In Imports are governed by the terms and conditions of imports. Capital Economics Analysts said that they expect import volumes in the short term to rebound further thanks to fiscal expenditures supporting import-heavy building.

“Considering import demand could remain resilient, but exports face a higher level of risk in coming months, we expect a smaller contribution from trade to growth starting in the second quarter,” You can also read about the importance of this in our article Lynn SongChief economist for Greater China ING.

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