China’s exports up 5.1% in July, imports surge

[CityFarmer]

China update...

China’s exports up 5.1% in July, imports surge

BEIJING — China’s exports rose 5.1 per cent in July from a year earlier, above expectations, while imports jumped 10.9 per cent, leaving the country with a trade surplus of US$17.8 billion (S$22.6 billion) for the month, the Customs Administration said today (Aug 8).

That compared with market expectations in a Reuters poll of a rise of 3 per cent in exports, a 2.1 per cent rise in imports and a trade surplus of US$27.2 billion.

http://www.todayonline.com/business/chin...orts-surge

[CityFarmer]

Following-up news report...

China trade rebounds in possible sign of stability

BEIJING — China’s trade rebounded more than expected last month in a possible sign that the world’s No 2 economy is stabilising following a slowdown over the past year.

The improvement offers small but encouraging hope for the country’s leaders, who are struggling to arrest a downturn that has dragged growth to a two-decade low in the latest quarter amid weak global demand and efforts to cool a credit boom.

The country’s exports rose 5.1 per cent last month from a year earlier, customs data showed yesterday. The median estimate was for a 2 per cent increase in a Bloomberg News survey after June’s 3.1 per cent drop. Imports leaped 10.9 per cent.

http://www.todayonline.com/business/chin...-stability

[CityFarmer]

News update...

Signs that China is stabilising

BEIJING — China’s factory output grew in July at its fastest pace since the start of the year, adding to a run of data — including Thursday’s surprisingly strong trade figures — which suggest the world’s second-largest economy may be stabilising after more than two years of slumping growth.

Factory output rose 9.7 per cent in July from a year earlier, the fastest growth since output grew 9.9 per cent over January and February, National Bureau of Statistics data showed.

“While we would not say that China is out of the woods yet, the recent rise in sentiment has been noticeable, and talks that economic growth will fall below 7 per cent in 2013 now seems rather far-fetched,” said Mr Chester Liaw, an economist at Forecast in Singapore

http://www.todayonline.com/chinaindia/ch...tabilising