Welcome toJiangsu Xingyuan Power Plant & Metallurgical Equipment Manufacturing Co.Ltd.official website!
中文  |  ENGLISH
  • Contact
  • Hotline:
  • 400-6535-456
  • Mail:
  • huang.w@jsxingyuan.com
  • Address:
  • No.28 Ligong Road Xingqiao Town jingjiang City, Jiangsu Province

Barclays Capital is optimistic about the...

2018-07-11

China's export growth slowed to 17.9% in June from 19.4% in May, and imports grew by 19.3% from 28.4% in May. The analysis shows that the export growth rate is 1.4 percentage points lower than that in May, the lowest growth rate since 2010. The high growth rate of exports in 2010 is driven by the rapid recovery of global industry, but it seems that this power is not sustainable. Moreover, we can see from the country data that the recent economic weakness in developed countries has further dragged down exports. Export growth is likely to remain low until the developed economies accelerate recovery.

However, Barclays Capital's latest report says China's trade surplus will rebound to $130 billion in the second half of the year. The report maintained that exports grew by about 20% year-on-year, and imports increased by 23%. Export growth is expected to stabilize and import growth will slow down. Coupled with other forms of capital inflow, the pressure on the appreciation of the renminbi against the US dollar will continue in the second half of this year. According to the year on year increase in June import and export prices, Barclays Capital estimated that China's actual import growth rate in June fell to about 2% from 10% in May, and the actual export growth dropped from 9% in May to about 7%, and the actual import and export growth rate in the two quarter of this year fell to 7% and 11% from 16% and 14% in the first quarter, respectively.

The report also said that in the domestic processing trade, many SMEs and exporters have successfully overcome this year's challenging environment with relatively small scale and flexible business model, including the rise in cost of labor, the appreciation of the renminbi, and the tightening of credit. In the first half of this year, the total volume of SMEs accounted for 27% of the total national total, while the 38% year-on-year growth rate also exceeded the national average of 25.8%. The report said, "these data will alleviate worries about the factory shutdown and the sudden increase in unemployment rate, and provide support for further slow appreciation of the renminbi."


Pre:没有了!

Next:Main metallurgical technology