在线国产一区二区_成人黄色片在线观看_国产成人免费_日韩精品免费在线视频_亚洲精品美女久久_欧美一级免费在线观看

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: 狠狠操夜夜操 | 日韩免费一区 | 好色影院| 波多野结衣一区二区三区在线观看 | 伦一理一级一a一片 | 久久久二区| 成年人午夜视频 | 天天射天天舔 | 蜜臀久久99精品久久久久宅男 | 国产色播 | 久久性色 | 中文字幕一区在线 | 日韩在线免费观看视频 | 97色在线| 亚洲欧美乱综合图片区小说区 | 一级做a视频 | 99一区二区三区 | 超碰免费在线 | 91亚洲国产成人精品性色 | 免费在线观看毛片 | 四虎黄色片 | 日韩欧美二区 | 欧美日韩在线观看视频 | 成年人国产 | 91成人精品一区在线播放 | 亚洲激情视频在线观看 | 久久综合影院 | 欧美日韩一区二区在线观看 | 欧美三级韩国三级日本三斤在线观看 | 中文字幕在线观看网址 | 中文字幕综合网 | 丁香久久 | 91污视频在线观看 | 国产高潮在线 | 久久99九九 | 久久成人一区 | 青草视频在线播放 | 国产中文字幕在线 | 久久成人国产 | 国产在线日韩 | 国产精品99久久久久久久久 |