China Export Growth Slides 10% In September to $184.5 Billion, Lowest Since February

[Bussard Ramjet]

China Export Growth Slides 10% In September to $184.5 Billion, Lowest Since February

Exports in September declined 10% in September from a year earlier, to $184.5 billion, the lowest since February, data from the General Administration of Customs showed.

Global economic recovery was sluggish, and overseas demand has remained low, customs spokesperson Huang Songping said.

Imports also declined 1.9 percent in September, to $142.5 billion, compared with the previous year. Trade surplus for the month was $42 billion, down 30 percent from the previous year.

http://english.caixin.com/2016-10-13/100996309.html

 

[GS Zhou]

@all Chinese members, I'd like to suggest we all leave this guy alone and give him a quite space to enjoy this exciting news to him.

 

[艹艹艹]

China's economy is going to collapse.

 

[AndrewJin]

@all Chinese members, I'd like to suggest we all leave this guy alone and give him a quite space to enjoy this exciting news to him.

I dunno why he is so happy when everybody is bad.

China's September exports down 5.6 pct, imports up 2.2 pct
Source: Xinhua 2016-10-13 13:21:57

BEIJING, Oct. 13 (Xinhua) -- China's exports in yuan-denominated terms fell 5.6 percent year on year in September, while imports increased 2.2 percent, customs data showed Thursday.

Foreign trade in the first three quarters was down 1.9 percent from a year earlier to reach 17.53 trillion yuan (2.61 trillion U.S.dollars), with exports dropping 1.6 percent and imports falling 2.3 percent,according to figures from the General Administration of Customs (GAC).

Trade surplus for the first nine months widened 0.6 percent from a year earlier to 2.59 trillion yuan.

Foreign trade with countries included in the China-proposed Belt and Road initiative posted strong growth momentum during the January-September period, with trade with Pakistan, Russia, Poland, Bangladesh and India climbing 14.9 percent, 14 percent, 11.7 percent, 9.6 percent and 7.8 percent, respectively, year on year, GAC data showed.

In the same period, foreign trade with the United States, China's second-biggest trade partner, fell 1.9 percent, and that with ASEAN, its third-largest trade partner, declined 1.9 percent.

Machinery and electronic products as well as goods in labor-intensive sectors like textiles and toys accounted for the lion's share of export goods and private firms still led the country's exports.

Meanwhile, imports of large commodity goods including iron ore and crude oil continued to grow in the first nine months and import prices dropped compared with the first half of the year, customs data showed.

 

[Echo_419]

Not surprised, world economy is showing no solid signs of revving

 

[AndrewJin]

Not surprised, world economy is showing no solid signs of revving

Good thing is countries outside the west seem to have increasing trade volume with each other.

Foreign trade with countries included in the China-proposed Belt and Road initiative posted strong growth momentum during the January-September period, with trade with Pakistan, Russia, Poland, Bangladesh and India climbing 14.9 percent, 14 percent, 11.7 percent, 9.6 percent and 7.8 percent, respectively, year on year, GAC data showed.

 

[Echo_419]

Good thing is countries outside the west seem to have increasing trade volume with each other.

One way trade is not a good way to increase economic growth, Mutually beneficial trade is the only way to promote economic growth

 

[艹艹艹]

One way trade is not a good way to increase economic growth, Mutually beneficial trade is the only way to promote economic growth

China's exports are falling due to India's boycott of Chinese goods.

 

[Echo_419]

China's exports are falling due to India's boycott of Chinese goods.

I am sorry I don't speak retarded

 

[AndrewJin]

I am sorry I don't speak retarded

China's exports are falling due to India's boycott of Chinese goods.

Foreign trade with countries included in the China-proposed Belt and Road initiative posted strong growth momentum during the January-September period, with trade with Pakistan, Russia, Poland, Bangladesh and India climbing 14.9 percent, 14 percent, 11.7 percent, 9.6 percent and 7.8 percent, respectively, year on year, GAC data showed.

 

[Bussard Ramjet]

I dunno why he is so happy when everybody is bad.

View attachment 343127 View attachment 343128

China's September exports down 5.6 pct, imports up 2.2 pct
Source: Xinhua 2016-10-13 13:21:57

BEIJING, Oct. 13 (Xinhua) -- China's exports in yuan-denominated terms fell 5.6 percent year on year in September, while imports increased 2.2 percent, customs data showed Thursday.

Foreign trade in the first three quarters was down 1.9 percent from a year earlier to reach 17.53 trillion yuan (2.61 trillion U.S.dollars), with exports dropping 1.6 percent and imports falling 2.3 percent,according to figures from the General Administration of Customs (GAC).

Trade surplus for the first nine months widened 0.6 percent from a year earlier to 2.59 trillion yuan.

Foreign trade with countries included in the China-proposed Belt and Road initiative posted strong growth momentum during the January-September period, with trade with Pakistan, Russia, Poland, Bangladesh and India climbing 14.9 percent, 14 percent, 11.7 percent, 9.6 percent and 7.8 percent, respectively, year on year, GAC data showed.

In the same period, foreign trade with the United States, China's second-biggest trade partner, fell 1.9 percent, and that with ASEAN, its third-largest trade partner, declined 1.9 percent.

Machinery and electronic products as well as goods in labor-intensive sectors like textiles and toys accounted for the lion's share of export goods and private firms still led the country's exports.

Meanwhile, imports of large commodity goods including iron ore and crude oil continued to grow in the first nine months and import prices dropped compared with the first half of the year, customs data showed.

That graphic quotes China's official figures which are in some serious question for their veracity.

And I posted this here, because 10% drop in dollar terms is quite a big drop. This indicates that China is loosing the downstream, low value-added industries faster than it is adding high value-added industries.

 

[AndrewJin]

That graphic quotes China's official figures which are in some serious question for their veracity.

And I posted this here, because 10% drop in dollar terms is quite a big drop. This indicates that China is loosing the downstream, low value-added industries faster than it is adding high value-added industries.

Then u should first create your own statistics then quote figures from Chinese authority. Better for one to pove his/her statement, than making a fool of oneself.

 

[Bussard Ramjet]

Then u should first create your own statistics then quote figures from Chinese authority. Prove your statement, better than making a fool of oneself.

No, the figures about trade are right from the Chinese authorities, they are credible.

I am talking mainly about the credibility of GDP data, and unemployment numbers.

 

[AndrewJin]

No, the figures about trade are right from the Chinese authorities, they are credible.

I am talking mainly about the credibility of GDP data, and unemployment numbers.

@Bussard Ramjet @Echo_419 What's the absolute number of India's export during the last quarter?

 

[Bussard Ramjet]

@Bussard Ramjet @Echo_419 What's the absolute number of India's export during the last quarter?

Around 65-66 billion dollars.