Himfr.com Reports Chinese Shoes And Apparel Exports Recovery Process Will Be Difficult To Predict
11, issued by General Administration of Customs data show China's exports in October to continue the good momentum in September
. Affected by seasonal factors, the October trade surplus was 23.98 billion U.S. dollars, a substantial increase in chain 11 billion U.S. dollars. Analysts pointed out that import and export data in line with expectations, exports have been out of the bottom of the main line of export recovery in investment worth the wait. However, short-term demand difficult to clear the international market recovery, exports uncertain and unstable factors still exist.100 billion U.S. dollars of export firm
Customs data showed exports of a firm the fourth consecutive month of billions of dollars, and the chain continued to shrink in decline. In exports, China's main labor-intensive exports are less than the same period year on year decline in total exports fell 20.5% level.
According to customs statistics, from January to October this year, clothing and accessories exports of 87.9 billion U.S. dollars, down 10.9%; of textile yarn and fabric exports of 48.39 billion U.S. dollars, down 12.9%; footwear exported 23.05 billion U.S. dollars, down 6%; plastic products export 11.48 billion U.S. dollars, down 8.4%; bags exported 10.2 billion U.S. dollars, down 10.2%; toys exported 6.52 billion U.S. dollars, down 11.3%. Over the same period, China's export of electromechanical products 564.64 billion U.S. dollars, down 18.6% over the same period accounted for 59% of the total value of China's exports. Electrical and electronic products exports are 236.72 billion U.S. dollars, down 18.1%; machinery and equipment exports of 187.44 billion U.S. dollars, down 17%.
The just-concluded the 106th Canton Fair also showed signs of significant rebound in export transactions. During the fair, the export turnover of 30.47 billion U.S. dollars, an increase over Spring Fair this year, 4.24 billion U.S. dollars, an increase of 16.2%. Overseas buyers picked up. During the fair, a total of 212 countries and regions, 188.17 thousand overseas buyers to attend the meeting with the Spring Fair this year, an increase compared to 22734, an increase of 13.7%.
Import-than-expected decline in exports indicates that the pressure
However, imports in October fell 6.4%, larger than the 3.5% drop in September, but also exceeded expectations. Imports fell by the impact of October trade surplus of 23.99 billion U.S. dollars, nearly 12.9 billion for the September double, but also larger than expected.
For the October trade surplus expanded, some experts believe that the trade surplus belongs to the seasonal expansion, due to the ordering period of a year different from calendar year in October as compared with a surplus in September to increase. Looking to the future, imports will continue to improve the speed faster than exports, so a surplus of deflationary pressures that remains undiminished.
by: Frbiz Himfr.com Reports Rumors Become News The New Changan Automotive Group Was Set Up . Himfr.com Reports Murdoch Ready To Wage War With Google, Himfr.com Reports Intel Caught In Bribery Door: The Point To Dell's Six Billion U.s. Dollars Bribe Frbiz.com Reports Trade-in Appliance Business Firms To Subsidize Their Own Money To Break The Ceilin Himfr.com Reports Patriot Pushing Secret Storage King Frbiz.com Reports The Significance Of Tsmc And Smic Disputes. Frbiz.com Reports Terry Gou Said The Hon Hai Employees Pay Rise Next Month Frbiz.com Reports Smic's New Ceo Dr. Wang Will Invite Hua Hong Executives To Join. Reliance Discovers Oil In Cambay Basin Frbiz.com Reports 3g Mobile Phones As A 2g Sell: Buffer Or Setback Frbiz.com Reports Windows Mobile 7.0 Will Be Tested In Taiwan In The First Quarter Of Next Year Accounts Payable Reconciliation Helps In Managing Organization's Budget Government Contract Compliance