China's Exports Growth Tops Expectations

China's Exports Growth Tops Expectations”

Exports rose 11.3% in June from a year earlier, following growth of 8.7% in May, the General Administration of Customs said Thursday.

"If Trump were to give up on Chinese support in terms of containing North Korea, then there's a risk of increased trade tensions between the US and China, which could negatively impact China's overall export performance", said Julian Evans-Pritchard, China economist at Capital Economics.

Total foreign trade volume reached 13.14 trillion yuan in H1, up 19.6 percent year on year, the quickest pace since the second half of 2011.

Despite Washington's calls for action, trade between China and its neighbour increased 10.5 per cent to US$2.5 billion (Dh9.2bn) in the first six months of the year compared to the same period last year, including a 29.1 per cent jump in exports.

The European Union, the United States and ASEAN (the Association of Southeast Asian Nations) are still China's most significant trade partners, accounting for more than 41 percent of all imports and exports. For the first five months of the year, China imported 1.840 tonnes of copper.

Uncertainties weigh on the global market as major economies practice divergent monetary policy. Commodity prices and trade protectionism also add unpredictability.

Import growth is also likely to moderate along with export growth.

President Donald Trump last week criticized China for its ties with North Korea's government following the launch of a test missile, saying that China's economic interests undermined its ability to challenge President Kim Jong-un's totalitarian regime.

Wu said that China did not import a lot of cathodes in the first four months due to restrictions getting dollar-denominated credit lines, but that improved prospects for credit could improve copper imports in the coming month.

Robin Xing, chief China economist at Morgan Stanley, said the meetings between Trump and Xi in Florida and at the G20 summit in Germany this month have already helped reduce trade frictions.

"We will continue to strictly and earnestly implement the North Korea-related Security Council resolution in its entirety", said Geng at a regular news briefing.

Like this


20 February 2018
Best Affordable Car Gadgets
Thanks to the blind spot mirrors that can be easily fixed on your mirror, you won’t have this issue ever again. It’s certainly not a matter of luck anymore, like it would be with no deposit spins in a casino, for example.

25 January 2018
Will future technology cause us problems?
Oh, and we have robotic combine harvesters, tractors and spreaders that are driven by a computer, working off satellite data. We’re slowly but surely getting to the stage where absolutely everything we do needs to be facilitated digitally.

14 July 2017
Brokerages Set Alibaba Group Holding Limited (BABA) PT at $141.96
Alibaba Group Holding Limited Specialty Retail, Other holds an EPS of 2.5 that demonstrates an EPS growth this year at -39.10%. It improved, as 17 investors sold TDS shares while 83 reduced holdings. 157 funds opened positions while 606 raised stakes.

14 July 2017
It Seems Novocure Ltd (NVCR) Will Go Up. Have Another Big Increase
Another key indicator that can help investors determine if a stock might be a quality investment is the Return on Equity or ROE. This recommendation falls on a scale from 1 to 5 where a 1 or 2 indicates a Buy recommendation, 3 a Hold and 4-5 a Sell.

14 July 2017
Conviviality PLC (LON:CVR) Set to Announce Quarterly Earnings on Monday
The Company operates in four segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal, and Exhibitions. TRADEMARK VIOLATION NOTICE: This piece was posted by Sports Perspectives and is owned by of Sports Perspectives.

14 July 2017
Weitere U-Bahn-Attacke: Verdächtiger gefasst
Der aus Bulgarien stammende Familienvater wurde zu zwei Jahren und elf Monaten Gefängnis verurteilt. Kurz nach dem Prozess um den Berliner U-Bahn-Treter löst ein neuer und ähnlicher Fall Empörung aus.

14 July 2017
Fernanda becomes a hurricane in the Eastern Pacific
Forecasters are monitoring Hurricane Fernanda in the East Pacific for potential impacts as it tracks west towards Hawaiʻi. The intensity forecast is near the top of the guidance envelope, close to the corrected consensus aids FSSE and HCCA.

14 July 2017
BlackRock Inc. Has $252.46 Million Position in MGIC Investment Corporation (NYSE:MTG)
The total number of shares percentage held by insiders is about 0.96% while the number of Shares % held by institutions is 106.3%. Silvercrest Asset Management Group Inc Limited Liability Company holds 0.01% or 74,500 shares in its portfolio.

14 July 2017
KB Home (KBH) Position Reduced by SG Americas Securities LLC
Zacks Investment Research lowered KB Home from a "hold" rating to a "sell" rating in a research report on Wednesday, March 15th. A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range.

14 July 2017
The Korn/Ferry International (KFY) CEO Sells $276880.00 in Stock
It has outperformed by 1.31% the S&P500.The move comes after 8 months positive chart setup for the $1.94 billion company. The stock of Korn Ferry International (NYSE:KFY) earned "Outperform" rating by William Blair on Tuesday, April 11.