Navigation

sail Online
Visited by mobile
back top

China Exports Rise More Than Estimated After September Drop

Date:08/11/2013   View: 984   Tags: China Exports; Rise up
China’s exports rebounded by more than estimated last month and the trade surplus widened to the biggest this year, helping sustain an economic recovery as leaders gather to map out a blueprint for growth.<br /> Overseas shipments increased 5.6 percent in October from a year earlier, the General Administration of Customs said today in Beijing, compared with a median estimate for 1.7 percent growth in a Bloomberg News survey and September’s unexpected decline of 0.3 percent. Imports rose 7.6 percent, leaving a trade surplus of $31.1 billion, the biggest this year.<br /> Stronger global demand suggested in today’s report may bolster confidence that Premier Li Keqiang will meet this year’s 7.5 percent growth target and ease pressure on the government to spur domestic consumption and investment. President Xi Jinping, who will lead a four-day summit starting tomorrow to decide on reform measures, said growth must avoid straining resources, capital and markets, the Xinhua News Agency reported on Nov. 5.<br /> “China’s export numbers suggest some -- although not yet decisive -- improvement in global demand momentum,” Louis Kuijs, chief China economist at Royal Bank of Scotland Group Plc in Hong Kong, said in a note. Import figures reflect “healthy expansion of demand” within China, he said.<br /> <p> The export growth figures understate the true picture by about 2 percentage points because of inflated data from over-invoicing in the second half of 2012 and first half of 2013, Kuijs said. Regulators in May cracked down on fabricated paperwork for outbound shipments used to disguise capital inflows. </p> <p style="text-align:center;"> <img src="/upfiles/news/image/20131108/20131108165258_0967.jpg" width="600" height="450" alt="" /> </p>

Menu

Hot News

skype sail Online Email:sales@chinacoalintl.com
menu
Home Products Top

+

+

Please leave a message


skype sail Online Email:sales@chinacoalintl.com
menu
Home Products Top

+

+

Please leave a message