Chinese Exports Grow Again
China’s exports increased 5.5% from a year earlier in August, according to customs data released Friday. Some economists said the pace, while lower than July’s 7.2% rise and the 6.0% forecast in a poll of economists, is steady enough to help prop up growth in the world’s second-largest economy. The rebound in exports this year was a contributing factor in lifting the Chinese economy to a stronger-than-expected performance for the first half of the year. While less important to China’s growth than a decade ago, trade still has an impact. For much of the past two years, lackluster global demand has dragged down China’s growth. The growth of exports is due to a recovery of global growth.The U.S., EU or Japan—external demand is still robust.So China can sell a lot of products which is cheap and fine.
https://www.wsj.com/articles/chinese-exports-grow-for-sixth-straight-month-1504843458
It seems the world indeed was in a slump the last two years. China would, nonetheless have a large portion of the international trade, since they are in such various types of industries and their largest advantage is the price. Anyways it is a good sign that the world is recovering and gone into a more positive situation. I wonder if the exports may drop due to the current U.S government's policies that are not too friendly in terms of cosmopolitanism.
ReplyDeleteThe global growth between Japan, China, and the U.S. that has risen from the last decade is due to their symbiotic relationship. With the China-U.S. trade topping over $578 billion in merchandise this year.
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