China December Exports Jump 14.1% on Year, Compared to 4% Forecast

Discussion in 'China' started by Impluseblade, Jan 10, 2013.

  1. Impluseblade

    Impluseblade Regular Member

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    China's exports grew 14.1 percent in December from a year ago to hit a seven-month peak, according to data from the General Administration of Customs data, rebounding from three-month lows and racing past market expectations for a 4 percent rise.

    Imports grew 6 percent on the year in December, also handily beating market forecasts for a 3 percent rise and quickening from zero growth in November.

    (Read More: World's No. 2 Economy Is Setting Itself Up for Solid 2013)

    That left the country with a trade surplus of $31.6 billion in December, compared with a forecast of $19.7 billion and November's $19.6 billion.

    China's iron ore imports rose 11 percent in 2012 from a year ago, while imports of soybean climbed 8.4 percent. The customs administration did not give the total volumes imported for both commodities for the year. Iron ore imports stood at 686 million tonnes in 2011, while soybean imports were at 52.6 million tonnes.

    More detailed import figures for December will be released later on Thursday.

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    It is an indeed a good news to China and the whole world. This is another solid evidence that the world economy is healing.
     
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  3. cir

    cir Senior Member Senior Member

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    Bye 7.8%(12.5-13.5% nominal)growth in 2012,

    Hello 8.5%(14-15% nominal)growth in 2013.

    Add a couple of percentages when measured in dollars. :thumb:
     
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  4. cir

    cir Senior Member Senior Member

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    10 January 2013 Last updated at 02:58 GMT

    China's surprisingly strong trade data fans optimism

    China has reported better-than-expected trade data, adding to optimism that growth in the world's second-largest economy may be rebounding.

    Exports, a key driver of expansion, rose 14.1% in December from a year earlier. Most analysts had forecast a figure closer to 4%.

    Imports also rose, climbing 6% and indicating stronger domestic demand.

    There have been worries about the state of China's economy after growth fell to a three-year low.

    "The export data especially is very good news as it shows that external demand for Chinese products is picking up," Dariusz Kowalczyk, a senior economist at Credit Agricole-CIB in Hong Kong, told the BBC.

    "A slowdown in global demand had been one of the biggest concerns for China, and this does help alleviate some of those fears."

    'Regained momentum'

    China's slowdown, which saw growth decline to 7.4% in the July-September quarter, has hurt various sectors of the economy.

    However, in recent weeks China has released a string of encouraging economic data which showed that a pick up in November continued into December.

    Manufacturing activity in China expanded for a third month in a row in December. At the same time, the country's services sector, which includes construction and accounts for nearly 43% of China's overall economy, expanded at its fastest pace in four months in December.

    Industrial production, retail sales and fixed-asset investment were all up in November, while new home prices rose in 53 out of 70 major cities in China in November, from the pervious month. That was up from 35 cities which recorded price rises in October.

    Credit Agricole-CIB's Mr Kowalcyzk said these numbers coupled with the latest data "confirm that the Chinese economy has regained momentum".

    BBC News - China's surprisingly strong trade data fans optimism
     
  5. badguy2000

    badguy2000 Respected Member Senior Member

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    in a decade, GDP and other economic data will be measured in RMB, instead of US dollar.
     
  6. cir

    cir Senior Member Senior Member

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    Just to let the China doomsayers know that the yuan will continue to gain on the dollar, but only at a pace of China's choosing。:cool2:
     
  7. hello_10

    hello_10 Tihar Jail Banned

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    India is least dependent on the External Orders/ Trade than many other major emerging economies

    thats what we discussed few days before that even Indian export declined by around 6% last year, its "Average Composite PMI" was around '55' in 2012, showing a combined expansion of close to 10% for Manufacturing+Services, considering around top 500 Manufacturing and top 500 Service companies of India. while that of China was around '51.5' for Manufacturing+Service industries, even if its export grew by around 9% last year......

    http://www.markiteconomics.com/MarkitFiles/Pages/ViewPressRelease.aspx?ID=10556 => China

    http://www.markiteconomics.com/MarkitFiles/Pages/ViewPressRelease.aspx?ID=10507 => India

    Markit Economics - Press releases

    and its mainly because of the fact that Merchandise Export of China was around $2.05 trillions last year while that India would be around $290 billions only, making India, very less dependent on export orders. hence even if India's export declined last year, its Manufacturing +Service industries registered hefty growth last year. while even if China's export grew by 9%, their Composite PMI struggled at around 51.5 on average last year, as above.....

    like how news of this thread showed that Manufacturing of China was on expansion side, above 50, for the last 3 months. while even the Composite PMI of India registered the 'least' at 53.5 in month October 2012, as per in its graph :laugh:
     
    Last edited: Jan 10, 2013
  8. hello_10

    hello_10 Tihar Jail Banned

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    High Investment in Infrastructure means for High growth

    there is a major difference between India and China. total investment in infrastructure in India might be around 7% to its GDP last year, and Investment to GDP ratio around 30% to GDP. while total investment in infrastructure in China is around 13% of its GDP and "Investment to GDP ratio" at around 46%. and this makes the main difference, why Indian growth struggled at around 5.6% last year, while that of China was around 7.9%, as expected. while Manufacturing+Service industries posted much better expansion in India than China, as per the PMI reports we have :ranger:

    https://www.cia.gov/library/publica...China&countryCode=ch&regionCode=eas&rank=3#ch
     
  9. satish007

    satish007 Senior Member Senior Member

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    but what's crap China exported to the world on Deceber. Christmas gift such as iphone 5?
     
  10. cir

    cir Senior Member Senior Member

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    Investment wise,China has got a long way to go。

    Take rail infrastructure as an example。Germany,with a land area smaller than Yunnan province and a population less than Sichuan province,enjoys a rail networkd the length of which exceeds 40,000km,while China has only some 100,000 km of rails as of 2012.

    China should and will build all its major provinces and regions,especially those with 1000km of the east coast,into a Germany,a France,or a Spain in terms of infrastructure density。

    At least 20 years of rapid growth(8% plus on average) to look forward to。
     
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  11. cir

    cir Senior Member Senior Member

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    India is said to be a country the economy of which is less dependent on exports than China’s is,i.e. the former's economic performance is influenced to an lesser extent by
    adverse external conditions than the latter。Yet China‘s GDP in 2012,which is due for announcement on 18 Jan., grew 7.8%,in sharp contrast to India's expected 5.5% expansion in FY 2012-2013.

    The yuan rose against the dollar in 2012, a year during which the rupee saw a sharp fall.

    As a result, the Chinese economy grew(nominally) about 14% in dollar terms and the Indian economy more or less flatlined.
     
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  12. hello_10

    hello_10 Tihar Jail Banned

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    sir its true that China has established a "bench mark" for the emerging economies, including India, and others are just trying to catch up with China, which isn't that easy too. :china:

    and please dont downgrade export level of China too, its a big achievement as it has beaten its western rivals on the side of High Tech products too. its an achievement, in fact, but it has got little dependence on the external demands also this way :thumb:
     
    Last edited: Jan 10, 2013

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