FOREX TradingCharts.com

Financial News: China Exports Continue To Expand In December

China Exports Continue To Expand In December

01/14/2022 - 02:22:00 (RTTNews)

(RTTNews) - China's exports continued to log robust growth in December taking the overall trade surplus for 2021 to a record high, data from the General Administration of Customs revealed on Friday.

Exports grew 20.9 percent on a yearly basis in December after rising 22.0 percent in November. The annual growth was forecast to slow to 20.0 percent.

At the same time, annual growth in imports eased more sharply to 19.5 percent from 31.7 percent in the previous month. The expected rate was 26.3 percent.

Consequently, the trade surplus rose to $94.46 billion in December from $71.7 billion in November, and remained above the expected level of $74.5 billion.

There is limited scope for a rise in exports volumes this year given that ports are already stretched to capacity, Julian Evans-Pritchard and Sheana Yue, economists at Capital Economics, said.

Further ahead, the bigger problem for exports is that foreign demand is likely to drop back as shifts in global consumption patterns due to the pandemic unwind and backlogs of orders are gradually cleared, the economists noted.

Regarding the outlook for imports, the economists said although policy easing will drive a rebound in home sales, constraints on developer financing mean that slowing property construction is likely to continue to weigh on China's commodity imports for some time.

For the full year of 2021, exports logged an annual growth of 29.9 percent and imports advanced 30.1 percent. As a result, the trade surplus rose to a record $676 billion, data showed.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2022 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


UK Govt Borrowings Stay Below OBR Forecast (52 min(s), 41 sec(s) ago)
(RTTNews) - The UK government borrowing remained below the forecast of the Office for Budget Respo ...Full Story»

Hungary Average Gross Wages Increase In November (02 hr(s), 16 min(s), 41 sec(s) ago)
(RTTNews) - Hungary's average gross earning growth accelerated in November, figures from the H ...Full Story»

Turkish Manufacturing Capacity Utilization Declines In January (02 hr(s), 17 min(s), 41 sec(s) ago)
(RTTNews) - Turkey's manufacturing capacity utilization rate decreased in January, figures fro ...Full Story»

UK Manufacturers Expect Order Growth To Slow: CBI (02 hr(s), 28 min(s), 41 sec(s) ago)
(RTTNews) - The UK manufacturers expect total new order growth to slow in coming three months, ref ...Full Story»

Spain Producer Price Inflation At Record High (02 hr(s), 48 min(s), 41 sec(s) ago)
(RTTNews) - Spain's producer price inflation accelerated for an eleventh month in December to ...Full Story»

Lithuania Industrial Production Rises In December (03 hr(s), 07 min(s), 41 sec(s) ago)
(RTTNews) - Lithuania's industrial production increased in December, figures from Statistics L ...Full Story»

Germany Ifo Business Confidence Strengthens In January (03 hr(s), 33 min(s), 41 sec(s) ago)
(RTTNews) - German business confidence improved at the start of the year as companies expect the d ...Full Story»

Finland Jobless Rate Falls In December (05 hr(s), 08 min(s), 41 sec(s) ago)
(RTTNews) - Finland's jobless rate declined in December, figures from Statistics Finland showe ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

UK Govt Borrowings Stay Below OBR Forecast

01/25/2022 - 08:06 AM (RTTNews)
(RTTNews) - The UK government borrowing remained below the forecast of the Office for Budget Respo ...Full Story>>

Hungary Average Gross Wages Increase In November

01/25/2022 - 06:42 AM (RTTNews)
(RTTNews) - Hungary's average gross earning growth accelerated in November, figures from the H ...Full Story>>

Turkish Manufacturing Capacity Utilization Declines In January

01/25/2022 - 06:41 AM (RTTNews)
(RTTNews) - Turkey's manufacturing capacity utilization rate decreased in January, figures fro ...Full Story>>

UK Manufacturers Expect Order Growth To Slow: CBI

01/25/2022 - 06:30 AM (RTTNews)
(RTTNews) - The UK manufacturers expect total new order growth to slow in coming three months, ref ...Full Story>>

Spain Producer Price Inflation At Record High

01/25/2022 - 06:10 AM (RTTNews)
(RTTNews) - Spain's producer price inflation accelerated for an eleventh month in December to ...Full Story>>

Do not sell my personal information

Copyright © 2022. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.