Top Biz News

    China exports show trade recovery on track

    (Agencies)
    Updated: 2010-02-10 16:30
    Large Medium Small

    China's export growth accelerated in January and imports rose, adding to signs a recovery in global and Chinese demand is on track.

    January exports rose 21 percent from a year earlier, up from 17.7 percent growth in December, customs data showed Thursday.

    Imports skyrocketed by 85.5 percent due to being compared with a period last year when companies were idled for the weeklong Lunar New Year holiday. The holiday this year falls in February.

    Still, growth exceeded forecasts by many private sector economists, suggesting trade was recovering from the global crisis that battered Chinese exporters of shoes, toys and other low-cost goods and wiped out millions of factory jobs.

    "We see China's trade has entered a stable stage," said Shanghai Securities economist Hu Xiaoyue." Unless there's another around of the financial crisis, China's export recovery is well on track and won't see a double dip."

    The improvement could add to pressure from Washington and other trading partners for Beijing to ease currency controls and let its yuan rise in value.

    January's trade figures also were boosted by the comparison with unusually weak global demand a year earlier and low oil and commodities prices. The cost of foreign raw materials needed by Chinese industry have risen since then, inflating the import bill.

    December marked the first export growth following 13 months of declines.

    China overtook Germany last year to become the world's biggest exporter due partly to the ability of its adaptable exporters to keep selling abroad amid weak demand.

    China's global trade surplus in January narrowed sharply to $14.2 billion, down from $39.1 billion a year earlier. The trade surplus with the United States was $10.9 billion and that with the 27-nation European Union, China's biggest trading partner, was $11.5 billion.

    China's domestic consumption has rebounded on the strength of a 4 trillion yuan ($586 billion) stimulus, helping to drive demand for foreign raw materials and consumer goods. That helped to boost economic growth to 10.9 percent in the final quarter of 2009.

    Related readings:
    China exports show trade recovery on track China's imports, exports grow 9.8% in Nov
    China exports show trade recovery on track China to push exports recovery, promote trade balance
    China exports show trade recovery on track China's imports, exports drop 10.7% in Oct
    China exports show trade recovery on track 
    Imports are as crucial as exports to China's economy

    Chinese exporters are hiring new workers but analysts say those industries cannot recover fully until major foreign markets rebound.

    "The brutal truth is that China's exports will not be able to recover independent of a recovery in consumption in major trade partners," Tom Orlik, an analyst in Beijing for Stone & McCarthy Research Associates, said in a report.

    "With high unemployment, high household debt and the end of government subsidies holding back a recovery in consumption in the US, EU, and Japan, that recovery will be a gradual one."

    亚洲韩国精品无码一区二区三区| 国产成人亚洲综合无码| 国产精品无码久久综合网| 国产在线无码精品电影网| 天堂а在线中文在线新版| 无码国产乱人伦偷精品视频 | 一本色道无码不卡在线观看| 中文无码人妻有码人妻中文字幕| 日本中文字幕在线电影| 国产精品多人p群无码 | 无码视频一区二区三区在线观看| 色婷婷综合久久久中文字幕 | 国产精品成人无码久久久久久 | 最近中文字幕在线| 亚洲爆乳无码精品AAA片蜜桃| 无码日韩精品一区二区免费暖暖 | 一级片无码中文字幕乱伦 | 日本中文字幕在线2020| 亚洲免费无码在线| yy111111电影院少妇影院无码| 亚洲精品无码久久千人斩| 熟妇人妻中文a∨无码| 中文字幕在线一区二区在线| 日本aⅴ精品中文字幕| 亚洲av无码国产精品色在线看不卡 | 国产成人无码一二三区视频| 久草中文在线观看| 日本精品久久久久中文字幕8| 日韩亚洲不卡在线视频中文字幕在线观看| 久久久久久人妻无码| 人妻夜夜添夜夜无码AV| 无码精品久久久天天影视| 亚洲av无码专区国产乱码在线观看| 中文字幕无码日韩专区| 中文字幕人妻无码一夲道 | 亚洲午夜国产精品无码| 亚洲精品无码午夜福利中文字幕 | 无码无套少妇毛多18PXXXX | av潮喷大喷水系列无码| 久久精品国产亚洲AV无码娇色| 无码欧精品亚洲日韩一区|