China Exports Growth Fastest In More Than 2 Years; Imports Fall

RTTNews | 16 dagar sedan
China Exports Growth Fastest In More Than 2 Years; Imports Fall

(RTTNews) - China's exports expanded the most in more than two years in October, while imports declined at a sharper-than-expected pace due to weaker domestic demand, official data showed Thursday.

Exports grew 12.7 percent on a yearly basis, following an increase of 2.4 percent in September, customs data revealed. Shipments were forecast to climb only 5.0 percent.

On the other hand, imports dropped 2.3 percent annually after a 0.3 percent rise in the previous month. Economists had forecast imports to drop 1.5 percent.

As a result, the trade surplus surged to $95.7 billion from $81.7 billion in the previous month and remained well above economists' forecast of $73.5 billion.

In recent years, exports acted as the major growth driver, while weak domestic activity and the property market downturn damped consumption.

Donald Trump's second term as the US President is likely to pose headwinds to Chinese trade. In his pre-election campaign, Trump vowed to impose tariffs of between 60 and 100 percent on Chinese imports.

Capital Economics' economist Zichun Huang said shipments are expected to stay strong in the coming months and any drag from potential Trump tariffs may not materialize until the second half of next year.

Further, imports likely to rise further in the short run as accelerated fiscal spending shores up demand for industrial commodities, the economist added.

read more
China Keeps Loan Prime Rates Unchanged As Expected

China Keeps Loan Prime Rates Unchanged As Expected

The People's Bank of China left its benchmark lending rates unchanged on Wednesday as it monitor the impact of recent policy adjustments. The PBoC maintained its one-year loan prime rate at 3.10 percent. Likewise, the five-year LPR, the benchmark for mortgage rates, was retained at 3.60 percent. The bank had cut its both LPRs by 25 basis points each in October.
RTTNews | 3 dagar sedan
China Industrial Output Rises Less Than Forecast; Retail Sales Growth Accelerates

China Industrial Output Rises Less Than Forecast; Retail Sales Growth Accelerates

China industrial production growth slowed unexpectedly in October and the decline in property investment deepened but retail sales growth accelerated as recent stimulus measures strengthened consumer sentiment. Industrial production posted an annual growth of 5.3 percent in October after rising 5.4 percent in September, the National Bureau of Statistics said Friday.
RTTNews | 8 dagar sedan
China Industrial Output Rises 5.3% On Year In October

China Industrial Output Rises 5.3% On Year In October

Industrial production in China was up 5.3 percent on year in October, the National Bureau of Statistics said on Friday - slowing from 5.4 percent in September and missing expectations for 5.5 percent.
RTTNews | 8 dagar sedan
Chinese Economy Still Faces Deflation Risk: Capital Economics

Chinese Economy Still Faces Deflation Risk: Capital Economics

The Chinese economy still faces the risk of slipping into a deflationary trap, Capital Economics' economist Gabriel Ng said. Data released by the National Bureau of Statistics on Saturday showed that consumer price inflation softened to 0.3 percent in October from 0.4 percent in September. Moreover, this was the weakest in four months.
RTTNews | 12 dagar sedan
China Manufacturing Activity Returns To Growth

China Manufacturing Activity Returns To Growth

China's manufacturing activity returned to growth in October as companies ramped up production and purchasing to meet higher demand amid improving confidence, survey results from S&P Global showed on Friday. The Caixin manufacturing Purchasing Managers' Index rose to 50.3 in October from 49.3 in September. A reading above the neutral mark of 50.0 indicates expansion.
RTTNews | 22 dagar sedan
China Manufacturing Activity Expands For First Time In 6 Months

China Manufacturing Activity Expands For First Time In 6 Months

China's manufacturing activity expanded for the first time in six months in October, underpinned by strong domestic demand, official survey data revealed Thursday. The official manufacturing Purchasing Managers' Index rose to 50.1 in October from 49.8 in September, survey data from the National Bureau of Statistics showed. The score was seen unchanged at 49.8.
RTTNews | 23 dagar sedan
China Keeps Medium-Term Lending Facility Rate Unchanged

China Keeps Medium-Term Lending Facility Rate Unchanged

China's central bank left the rate on medium-term lending facility unchanged on Friday after lowering the rate by 30 basis points last month. The People's Bank of China maintained the medium-term lending facility rate at 2.0 percent. The central bank today conducted a seven-day reverse repo operations of CNY 292.6 billion at an interest rate of 1.5 percent.
RTTNews | 29 dagar sedan