Pubblicato in: Cina, Commercio

Cina. Ottobre. Import +4.7%, Export +11.4% anno su anno.

Giuseppe Sandro Mela.

2020-11-14.

Cina 016

«China has a better recovery from the pandemic and has a comparative advantage, so it has gained a larger market».

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La Cina è tornata in piena fase espansiva ed anche con una crescita tumultuosa, meglio delle previsioni.

«China exports grew at the fastest pace in 19 months in October, while imports also rose, official data showed on Saturday, as the world’s second largest economy continued to recover after being hit hard by the coronavirus crisis earlier this year»

«Exports in October rose 11.4% from a year earlier, beating analysts’ expectations of a 9.3% increase and quickening from a solid 9.9% increase in September»

«The surge in exports pushed the trade surplus for October up to $58.44 billion, compared with the poll’s forecast for a $46 billion surplus and a $37 billion surplus in September.

China’s trade surplus with the United States widened to $31.37 billion in October from $30.75 billion in September»

«Exports growth quickened further and significantly exceeded expectations, indicating a relatively strong momentum»

«China’s exports could stay strong in the rest of 2020 as domestic firms resume production faster than global rivals»

«major European economies, including France, Germany and the United Kingdom, went back into lockdown as a second wave of coronavirus cases gathered strength»

«Imports rose 4.7% year-on-year in October, slower than September’s 13.2% growth»

«Analysts said the solid trade performance could provide a boost to China’s broader economic recovery, which has gained steam after suffering from a deep slump earlier this year»

«China’s economy grew 4.9% in the third-quarter from a year earlier»

«The customs administration said Saturday that China’s exports of mechanical and electrical products rose in the first 10 months, as did outbound shipments of textiles including face masks, which rose around 35 percent from a year ago»

«Most measures suggest that domestic demand continued to strengthen and the infrastructure investment at the heart of the ongoing stimulus is particularly import-intensive»

«China’s trade surplus with the US …. rose around 19 percent from last year to $31.4 billion in October»

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Cina. Adesso è lei che mette i dazi all’occidente, che frigna come una mocciosa.

Cina in forte crescita trascina tutta l’Asia.

Cina ed il Rame. Il predominio economico mondiale.

L’economia cinese è l’unico grande motore di crescita al mondo. – Bloomberg.

Cina. Q3. Gettito fiscale aumentato del 4.7% anno su anno.

Cina. Settembre. Profitti Industriali +10.10% anno su anno.

Cina. Xi Jinping si meriterebbe il Premio Nobel per l’economia.

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La Xinomics, ossia l’attuale visione sociale, politica ed economica della Cina, si sta dimostrando essere una carta vincente. Mr Xi ha dimostrato di essere stato in grado di contenere, e quasi sradicare, l’epidemia da Covid-19 e di aver fatto riprendere alla Cina la sua espansione e crescita economica, come se nulla fosse successo.

A nostro sommesso parere si meriterebbe pienamente il Premio Nobel per l’Economia.

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China October exports surge, imports rise amid global recovery

China exports grew at the fastest pace in 19 months in October, while imports also rose, official data showed on Saturday, as the world’s second largest economy continued to recover after being hit hard by the coronavirus crisis earlier this year.

Exports in October rose 11.4% from a year earlier, beating analysts’ expectations of a 9.3% increase and quickening from a solid 9.9% increase in September.

The surge in exports pushed the trade surplus for October up to $58.44 billion, compared with the poll’s forecast for a $46 billion surplus and a $37 billion surplus in September.

China’s trade surplus with the United States widened to $31.37 billion in October from $30.75 billion in September.

China’s exports have stayed largely resilient amid the COVID-19 global pandemic, as strong demand for medical supplies and reduced manufacturing capacity elsewhere worked in China’s favour.

“Exports growth quickened further and significantly exceeded expectations, indicating a relatively strong momentum,” said Liu Xuezhi, an anlyst at Bank of Communications in Shanghai.

China’s exports could stay strong in the rest of 2020 as domestic firms resume production faster than global rivals and sell more COVID-19 related goods such as face masks, Liu said.

However, some analysts said exports could come under pressure in the coming months, as major European economies, including France, Germany and the United Kingdom, went back into lockdown as a second wave of coronavirus cases gathered strength. Factory activity accelerated at the fastest pace in nearly a decade in October, a private survey showed, although the official survey pointed to some slowdown in the expansion. Export orders expanded.

Imports rose 4.7% year-on-year in October, slower than September’s 13.2% growth, and underperforming expectations in a Reuters poll for a 9.5% increase, but still marking a second straight month of growth.

Chinese airlines are shunning some deliveries of Airbus AIR.PA aircraft, citing fears of coronavirus infection for their staff in the latest tussle over efforts to keep delayed deliveries on track despite the pandemic, industry sources said.

Analysts said the solid trade performance could provide a boost to China’s broader economic recovery, which has gained steam after suffering from a deep slump earlier this year.

China’s economy grew 4.9% in the third-quarter from a year earlier, but growth could slow to just over 2% this year – the weakest in over three decades but still much stronger than other major economies.

“China has a better recovery from the pandemic and has a comparative advantage, so it has gained a larger market,” said Zhou Hao, an economist at Commerzbank in Singapore.

“Of course, this advantage is also temporary and may last until the end of the year.”

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China exports remain strong in October, import growth slows.

China’s exports posted strong growth again last month, extending an upward trend on the back of a consumption rebound among its major trading partners, official data showed Saturday.

Inbound shipments, however, cooled after a surge in September — with analysts expecting that a drop in import prices weighed on headline numbers.

Although the coronavirus pandemic has battered countries worldwide, foreign trade in the world’s second-largest economy fared better than expected, buoyed by healthcare shipments.

Exports rose 11.4 percent on-year in October, customs data showed, better than the 8.9 percent growth predicted by a Bloomberg poll of economists.

Imports meanwhile grew 4.7 percent, short of the 8.8 percent on-year rise expected.

The customs administration said Saturday that China’s exports of mechanical and electrical products rose in the first 10 months, as did outbound shipments of textiles including face masks, which rose around 35 percent from a year ago.

Capital Economics cautioned in a report this week, however, that recent data pointed to a drop in new export orders in October, signalling that “foreign demand has started to soften following fresh lockdowns abroad”.

The resurgence of infections in key markets — including the US and Europe — could strike external demand for China, which has made a renewed push this year for local consumption to underpin growth.

“Most measures suggest that domestic demand continued to strengthen and the infrastructure investment at the heart of the ongoing stimulus is particularly import-intensive,” said Capital Economics.

Meanwhile, China’s trade surplus with the US — the core gripe in Washington in the bruising trade war — rose around 19 percent from last year to $31.4 billion in October.

This widened slightly from the $30.8 billion seen in the month before, marking one of the larger surpluses this year according to Chinese figures.