Home  Contact Us
  Follow Us On:
Advertising Advertising Free Newsletter Free E-Newsletter
      2021       2020       2019       2018       2017       2016       2015       2014       2013       2012       2011       2010       2009       2008

ECONOMY: Signs of Stabilizing and Growing
Share to

Signs of Stabilizing and Growing
By Anthony

BT 201711 ECONOMY 03      截至本期,我们的“经济”栏目已为大家盘点了半年多的中国经济发展趋势。从现有情况来看,我国经济总体呈稳中有增的态势: 9月份我国出口额同比上涨8.1%,进口额同比增长18.7%。路透社分析师曾预计九月份我国出口货物额将比去年同期上涨8.8%,美元进口额预计同期将上涨13.5%。9月贸易顺差为284.7亿美元,不过这是2017年3月以来的最低水平。我国8月份净出口额为419.9亿美元,出口依然在稳定增长。



BT 201711 ECONOMY 02China’s economy this year has shown signs of stabilizing and growing stronger, and the momentum may continue in the second half. In September, China's exports were up 8.1% from a year ago in dollar terms, while imports were up 18.7%. Analysts polled by Reuters expected an 8.8% rise in Chinese exports in September from a year ago in dollar terms. Dollar-denominated imports were forecasted to jump 13.5% in the same period. September's figures were an improvement from August when exports were up 5.5% from a year ago in dollar terms, while imports were up 13.3% in dollar terms. China's September trade surplus was $28.47 billion — the lowest since March 2017. China's August trade balance was $41.99 billion, data from the General Administration of Customs showed.

China’s economic growth is expected to ease to 6.8% in the third quarter from 6.9% in the previous quarter due to a cooling property sector and the government’s battle against debt risks, a Reuters poll showed. Analysts’ projected slowdown was at odds with central bank governor Zhou Xiaochuan’s forecast suggesting an upside surprise as the economy could grow 7% in the second half of the year, versus 6.9% in the first six months. The poll of 54 analysts, conducted before Zhou’s forecast showed a modest cooling in GDP growth.

BT 201711 ECONOMY 01China's consumer price index rose 1.6% in September from a year ago, meeting expectations, data from the National Bureau of Statistics showed. Meanwhile, the producer price index jumped 6.9% in September from a year ago, which topped expectations. This was spurred by year-long drive in construction spending that included government-led infrastructure investment.

BT 201711 ECONOMY 06According to a Reuters poll, China's Consumer Price Index was expected to rise 1.6% in September from a year ago. August CPI was 1.8% from a year ago. The Producer Price Index was predicted to have risen 6.3% in September from a year ago, steady from August, according to central figures.

The strong PPI print that points to higher factory gate prices may help markets outside of China as the East Asian economy continues to grow, translating into demand for raw material. Chinese steel output is expected to rise 3 per cent this year, before hovering at a similar level through 2018, according to the World Steel Association.

The updated 2017 forecast reflects a one-time rise in steel use in China this year, reflecting government incentives to bolster construction, while the flat outlook reflects the resumption of government efforts to rebalance the economy and increase environmental protection, the WSA said in its latest short-range outlook.

BT 201711 ECONOMY 05"China closed most of its outdated induction furnaces in 2017, a category which was generally not captured in official statistics," the association said. "With closure of induction furnaces, demand from this sector of the market is now satisfied by mainstream steel makers and therefore captured in the official statistics in 2017. Consequently, the nominal growth rate for steel demand in China increased to 12.4 per cent or 765.7 million tonnes. The association forecasts global steel demand will reach 1622.1 million tonnes in 2017. In 2018, it is forecasted that global steel demand will reach 1648.1 million tonnes. Global steel demand excluding China will reach 856.4 million tonnes, an increase of 2.6 per cent in 2017 and 882.4 million tonnes, an increase of 3.0 per cent in 2018, the association also said.

World stocks rose significantly over the month and copper touched a three-year high as upbeat Chinese data drove optimism about the world's second biggest economy, while oil prices jumped as an escalation in fighting between the Iraqi government and Kurdish forces threatened supply.

Asian shares rallied to a decade high after figures showed China's producer prices beat market expectations to rise 6.9% in September from a year earlier. Wall Street indexes rose as U.S. banking stocks recovered after slipping last week and technology stocks rallied, driven by a 1.6% increase in Apple Inc. Wall Street's rise comes ahead of a barrage of quarterly earnings reports this week.

BT 201711 ECONOMY 04"The market is moving higher despite all the news flow of geopolitical events," said Jeff Zipper, managing director at U.S. Bank Private Client Reserve in Palm Beach, Florida. "There is optimism on earnings, economic indicators and hopes of budget resolution." MSCI's broadest index of Asia-Pacific shares outside Japan closed up 0.57% at its highest level since late 2007.


    Subscription    |     Advertising    |     Contact Us    |
Address: Magnetic Plaza, Building A4, 6th Floor, Binshui Xi Dao.
Nankai District. 300381 TIANJIN. PR CHINA
Tel: +86 22 23917700
E-mail: webmaster@businesstianjin.com
Copyright 2021 BusinessTianjin.com. All rights reserved.