• Thursday, August 22, 2019

CNN: So Sad...China's exports are doing way better than expected

Discussion in 'World Affairs' started by beijingwalker, Feb 14, 2019.

  1. beijingwalker

    beijingwalker ELITE MEMBER

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    China's exports are doing way better than expected
    By Daniel Shane, CNN Business
    Updated 12:54 AM ET, Thu February 14, 2019
    [​IMG]

    Hong Kong (CNN Business)China has posted a surprise jump in exports, suggesting its economy could be holding up better than expected as it tries to negotiate an end to the trade war with the United States.

    The value of Chinese goods exported in January grew 9% from a year earlier, according to government data published in Beijing on Thursday. The robust performance surprised economists, who had expected exports to shrink for the second month in a row.
    The slowdown in China's giant economy has alarmed businesses and investors around the world — and it could get worse if Beijing and Washington fail to reach a trade deal. Top companies including Apple (AAPL) and Caterpillar (CAT) have blamed weakness in the world's second largest economy for their disappointing earnings recently.

    The strong export data was announced as two days of high-level trade talks between the United States and China began in Beijing. The negotiations are being led by Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin on the US side, and by Vice Premier Liu He for China.


    The negotiators are trying to strike a deal before the start of March, when the US government is due to sharply raise tariffs on $200 billion of Chinese goods. The tariffs already imposed by the two countries last year on huge swathes of each other's exports have caused major disruptions for businesses and rattled financial markets.
    Optimism has been rising among investors that an agreement can be reached. US President Donald Trump said this week he's willing to stretch his March 1 deadline if it appears the two sides are close to a deal.

    Despite the rebound in China's exports in January, analysts are skeptical it will last.
    Exports may have spiked because Chinese businesses rushed through orders ahead of the Lunar New Year holiday, which fell in early February. The annual holiday, in which the country effectively shuts down for at least a week, came later in February last year.
    A slowdown in global growth will weigh on demand for Chinese goods, regardless of whether a US-China trade deal is reached, according to Julian Evans-Pritchard, senior China economist at research firm Capital Economics.
    "Even if the latest recovery in trade is genuine, the outlook for this year is still downbeat," he wrote in a note to clients Thursday.

    https://www.cnn.com/2019/02/14/economy/china-us-trade-exports/index.html
     
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  2. chengdusudise

    chengdusudise FULL MEMBER

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    that mainly due to we have good relation with american and alsoTrump :azn:
     
  3. beijingwalker

    beijingwalker ELITE MEMBER

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    US exports to China plunged in January as trade war chill took effect

    • China imports from US plunged 41.1 per cent in January from a year earlier, Beijing says
    • Overall exports rose significantly but analysts put this down to seasonal factors

    PUBLISHED : Thursday, 14 February, 2019, 8:33pm

    Trade flows between China and the United States are shrinking quickly as officials scramble for a deal that would end the trade war.

    Chinese imports of US products plunged 41.1 per cent from a year earlier to US$9.2 billion last month, the lowest since February 2016, according to data released by the Chinese General Administration of Customs on Thursday.

    The fall in US exports to China contrasted sharply with the China’s overall imports last month, which remained largely steady with only a 1.5 per cent fall year-on-year.

    According to Chinese customs data, China’s imports from the US has now fallen for eight consecutive months, month-on-month, the longest period of continuous decline since monthly bilateral trade data was first made available in 1999.

    In January alone, China’s imports from the US were smaller than its imports from Australia, South Korea, Taiwan or Germany.

    One of the few US products China is buying more of is soybeans. The data shows that soybean imports increased 29 per cent from December, after China agreed to make more purchases during trade negotiations.

    “China has increasingly turned back towards US soybeans since the first trade talks took place at the G20 summit in late November. Just over the last week, almost 480 kilotons of US soybeans inspected for export were destined for China,” said Warren Patterson, head of commodities strategy at ING.

    Going the other way, Chinese exports to the US fell slightly, down 2.4 per cent to US$36.5 billion in January.

    In comparison, Chinese exports to the European Union jumped 15.3 per cent in January from a year earlier, while exports to Asean improved by 12.5 per cent if measured in US dollar terms.

    China’s overall exports expanded by 9.1 per cent, however analysts have warned that this should not be taken as a barometer of the health of the country’s trade economy and was largely due to seasonal factors.

    “Nobody was looking at the seasonality of that data until we got the 9.1 per cent growth, at which point we realised it was a long January compared to last year,” said Alicia Garcia-Herrero, chief economist for Asia-Pacific at Natixis.

    The future of bilateral trade between China and the US is largely dependent on the outcome of trade talks ongoing in Beijing this week.

    The US has threatened to increase tariffs on US$200 billion worth of Chinese products to 25 per cent from 10 per cent if the two sides fail to reach a deal by March 1.

    However, US President Donald Trump said earlier this week that he could let the deadline “slide” if a deal appears to be close, while Bloomberg reported on Thursday that Trump is considering extending the deadline by another 60 days.

    Chinese President Xi Jinping is expected to meet a top US delegation, including US trade representative Robert Lighthizer and US Treasury Secretary Steven Mnuchin, in Beijing on Friday, sources told the South China Morning Post earlier this week.

    Louis Kuijs, the chief Asian economist at Oxford Economics in Hong Kong, wrote in a note that further tariff hikes will be suspended between China and the US in light of “positive signals” regarding the US-China trade negotiations.

    While a trade pact will not dispel “underlying tensions about technology and China’s industrial policy”, an agreement and prolonged tariff suspension would “imply an upside risk to growth of China’s exports and economy more generally,” Kuijs wrote.

    https://www.scmp.com/economy/china-...a-plunged-january-trade-war-chill-took-effect
     
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  4. Menthol

    Menthol FULL MEMBER

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    To be honest, it's hard to replace China.

    Yes, there are a lot of news about low quality and dangerous of Chinese products, but what news won't tell you is, China is probably the best trade partner in the world right now.

    The product itself is not bad and very reliable based on price and quality that importer choose to buy. The buying process and the service don't give you a lot of headache.

    For now, there are no replacement for China if you seek the best balance between quality and price. Just see the export number, you know which one what people seek after because it's the best.


    During the rise of Japan, there are a lot of bad news about Japan, but export number doesn't lie. At the end we finally know the truth about Japan, but usually it's already too late, as others already made a huge profit from it. It's called as trade secret.


    It's like watching the reasons not to buy the world best selling phone, or the flaws of it on YouTube. But whatever it is, it's still the best selling phone, better than the runner up and others below. It's just YouTuber seek for attention from sensational video, but somehow, some people fall into the trap.
     
  5. oprih

    oprih BANNED

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    Lol make trade surplus in favor of China great again!

    The murican crybabies in pdf are too scared to post in this thread, the sissies are hiding from shame.