China Import and up a slight increase in April

China Import and up a slight increase in April

China Import and up a slight increase in April, in contrast to previous market will decline in the foreign trade expected, showing a slight improvement in the growth potential of the business, but in the long term is still not optimistic.

China Customs data released the same day showed that in dollar terms, April exports grew 0. 9%. Economists forecast a median decline of 3. 5% in March, compared fell 6. 6%. April imports grew 0. 8%. Economists forecast a median decline of 3. 2% in March were down 11. 3%.

Macroeconomic analyst at Capital Securities, said Jiang Chengjie, April and export growth now seems slightly more because of the lower comparison base year, while from a policy perspective, policies to stabilize exports also have some support.

In addition, China achieved a trade surplus $ 18. 45 billion in April, higher than market expectations, and further growth in March compared with a surplus of $ 7. 71 billion. Previously surveyed 20 economists expected surplus value $ 17. 3 billion.

For the trade surplus continues to expand, the state Securities analysts pointed out that investment in the short-term stabilization of pulling power shortage, high iron ore port stocks, finance regulatory arbitrage and other factors are superimposed, making the impact of imports on the surplus weakened.

Customs data also show that the first four months of this year, the EU, the U. S., ASEAN and Japan's export and import growth. But for long-term trade data, market trends and more cautious view.

The Fair exporters said that although the RMB exchange rate lower, but they are not significantly boost exports, as lower prices and even some foreign grounds; and the result of exchange rate fluctuations have resulted in export orders and corporate customers currently prefer short single transactions.

SW data show that turnover 115th Canton Fair just ended early for $ 31. 051 billion, a decline of 2. 01 percent (net of currency), representing a decrease of 12. 64%. SW is expected in the second quarter and third quarter, exports to improve the range are limited, and the annual export situation is not optimistic.