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Our country's foreign trade has been growing steadily
Source: | Author:trading-100 | Published time: 2014-08-27 16:21:06 | 1292 Views | Share:
From the point of export data in May, the European debt crisis influence on China's exports less than expected, suggesting that China's export recovery is better than market expectations, but the future foreign trade situation is still not optimistic

From the point of export data in May, the European debt crisis influence on China's exports less than expected, suggesting that China's export recovery is better than market expectations, but the future foreign trade situation is still not optimistic.


China's foreign trade export $131.76 billion in May, an increase of 48.5%, than speed up 18.1% last month, strong growth hit a record high since March 2007.
Analysts pointed out that China's export growth may benefit from a low base over the same period last year, as well as external restorative growth under the background of world economic recovery.
Experts expect our foreign trade to grow steadily this year.
In the first five months, China's total imports and exports totaled $11000.9 billion, up 44 percent from the same period last year, according to customs statistics.
It exported $567.74 billion, up 33.2 percent.
Imports of $5323.5 billion, up 57.5%;
The trade surplus was $35.39 billion, down 59.9%.
Five months before China and the eu bilateral trade grew by 37.4%, the debt crisis affect less than expected in the European debt crisis, the world economy "double-dip" concern, under the influence of factors such as foreign trade data in May cause much attention.
Most analysts believe that, from the point of export data in May, the European debt crisis influence on China's exports less than expected, suggesting that China's export recovery is better than market expectations.
At present, the impact of the European debt crisis on imports and exports of China is not very large.
In the first five months of this year, China's bilateral trade with the eu reached 177.490 billion dollars, up 37.4 percent.
In the same period, the bilateral trade between China and the us was $138.68 billion, up 28.2 percent.
Asean narrowly beat Japan to become our third largest trading partner.
The value of bilateral trade reached us $111.18 billion, up 57.5%.
In the same period, China's bilateral trade with Japan was $111.56 billion, an increase of 38.8%.
"Despite the recent turmoil in European financial markets, Europe's economic outlook remains positive," said zhou shiyi, macro analyst at galaxy securities.
Data released on May 27th by the conference board, the conference board, showed the euro zone's leading index rose 0.9 per cent to 110.4 in April, after rising 1.2 per cent and 0.5 per cent in the previous two months.
This suggests that after the economy out of recession, recovery is continuing, leading indicators has to return to the steady rise in process, will moderate in the second half of this year's economic activity picks up.
Meanwhile, the U.S. economy continues to improve.
"In a sound environment where housing is stable, the economy is stable and jobs are improving, consumer confidence in the United States is improving," zhou said.
In may, the U.S. consumer confidence index rose for a third straight month to 63.3, and consumer expectations rose to their highest level since August 2007.

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