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134月 2017

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China Recent Exports Data Analysis Report

China’s October exports data increase 7.3 percent one year , imports meanwhile declined 1.4 percent, following the previous month’s 1.9 percent drop. That brought the October trade surplus to $49.06 billion, versus September’s $41.99 billion. October 12, 2016. Onw chinese worker making soft toys at a factory in Lianyungang, Jiangsu province.

Asian equity markets were little changed accrding the shipment Data data. Shanghai and Hong Kong stocks were modestly higher, while the Australian dollar, which closely tracks import & export trade data. Which given strong economic links between Australia and China, edged down 0.4 percent against the greenback.

Import & export data showed the dollar has risen more than 1.6 percent against the yuan over the past 30 days and foreign exchange strategists expect more depreciation ahead in anticipation of a stronger greenback, setting the stage for a brighter fourth-quarter trade performance.

“Beijing may be using a weaker currency to help prop up its faltering economy…Results of the U.S. presidential election would not alter much of the yuan depreciation trend,” as foreign trade analysis stuff said in a recent report.

But the country’s Commerce Ministry holds a optimistic view. In a statement on its custom data services website last week, officials warned that foreign trade analysis data would face downward pressure in the fourth quarter and potentially into 2017. While Tuesday’s numbers still underscored the fragile nature of global import & export demand for Chinese products, strategists still believed the world’s number-two economy was improving.

Indeed, export trade data released last week showed expansion among large manufactures. China’s numbers are generally showing a stabilizing trend, which will give a confidence boost to investors in the Asian region. That’s the reason why the People’s Bank of China is expected to stay clear of any monetary easing for the rest of the year.
We forecast no change to the main PBOC policy interest rates for better custom data services through 2017. Tuesday’s report was one of many import trade data from China for over the next two weeks.

On Monday, central bank data showed foreign trade analysis services decreased for the fourth straight month in October, falling by $45.7 billion to $3.12 trillion—the biggest monthly decline since January and the lowest level since 2011. Consumer price and producer price inflation are due out Wednesday. Meanwhile, industrial output, investment and retail sales data will be released next Monday.

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