China's Exports Growth Tops Expectations
13 Luglio 2017 - 4:02AM
RTTF2
China's exports grew more than expected in June on robust global
demand, official data showed Thursday.
In dollar terms, exports increased 11.3 percent year-on-year in
June, the General Administration of Customs said. Shipments were
expected to gain 9 percent.
Likewise, imports logged an annual growth of 17.2 percent versus
the expected growth of 14 percent.
Consequently, the trade surplus totaled $42.8 billion in June.
The surplus was forecast to rise to $42.6 billion from $40.8
billion in May.
In yuan terms, exports increased 17.3 percent and imports surged
23.1 percent. Economists had forecast exports to grow 14.8 percent
and imports to rise 22.3 percent.
Looking ahead, exports should continue to do well given the
relatively positive outlook for China's main trading partners,
Julian Evans-Pritchard, an economist at Capital Economics,
said.
"But we are sceptical that the current pace of imports can be
sustained for much longer given the increasing headwinds to China's
economy from policy tightening," the economist added.
The statistical office is scheduled to issue quarterly national
accounts on July 17. The economy had expanded 6.9 percent in the
first quarter. The government targets slightly slower growth of
about 6.5 percent this year.
In the first half of 2017, exports climbed 15 percent from
previous year and imports advanced 25.7 percent in yuan terms,
customs data showed.
Grafico Cross Euro vs Yen (FX:EURJPY)
Da Mar 2024 a Apr 2024
Grafico Cross Euro vs Yen (FX:EURJPY)
Da Apr 2023 a Apr 2024