三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

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: 国产午夜视频 | 亚洲精品一区国产二区 | 杨幂国产精品福利在线观看 | 国产精品成人观看视频国产 | 香蕉视频在线观 | 黑人性生活视频 | 国产一区二区三区在线 | bbbxxx乱大交欧美小说 | 久久99视频| 日韩国产三级 | 精产网红自拍在线 | 香港三级做爰大爽视频 | 国产亚洲精品网站 | 国产毛片在线 | 久99视频 | 麻豆高清视频在线观看 | 成人国产欧美精品一区二区 | 毛片一级黄片 | 456极品嫩模在线视频 | 成人18在线观看 | 一级黄色片一级黄色片 | 国产在线一区视频 | 欧美三级在线观看播放 | 欧美在线国产 | 欧美呦女 | 三级视频在线播放线观看 | www亚洲一区| 99香蕉国产| 免费黄色小视频网站 | 欧美精品99毛片免费高清观看 | 99精品国产兔费观看66 | 一级一级人与动毛片 | 98国内自拍在线视频 | 久久久精品免费观看 | 久久99九九精品免费 | 最新国产精品亚洲二区 | 亚洲第一成年网 | 高清 国产 日韩 欧美 | 无码精品一区二区三区免费视频 | 欧美黄色高清视频 | 搞黄网站在线观看 |