to show How on Tuesday submitted data to the competent customs authorities, the exports of the world’s second-largest economy in June compared to the same period last year by 0.5 percent. Background of the Openings of the economy in many industrial countries, after the restrictions in the course of the Virus crisis. In may, exports of goods decreased by 3.3 percent.
After a sharp drop of 6.8 percent in the first quarter, what do you mean China’s economy is now back. However, the recovery is to be paid in view of the still rising worldwide, Corona-and of the still existing restrictions in many countries is fragile. Add to this the deterioration of relations with the United States and a decline in global demand, which is a burden according to experts, probably, in the long term, the foreign trade.
the imports to
, imports rose in June for the first Time this year. The increase was 2.7 percent. Analysts had expected on average a decrease of ten per cent. In may, imports were down 16.7 percent.
Beijing had responded to the COVID-19-crisis with a large stimulus program to support domestic demand. In particular, imports of Raw materials rose in June, strong. The iron ore stood out, especially imports, which recorded the biggest increase in 33 months. Also, the crude oil imports increased significantly. The imports from the US climbed by 11.3 per cent, having previously fallen in the course of the Corona-crisis double-digit percentage range.
optimism in Beijing
experts also expect in the second half of the year, with an increase in growth. “The economic recovery should continue after the recent turnaround in the second quarter,” said Wang Tao, chief Economist of the Swiss UBS Bank, to the China Daily. “The domestic demand will improve with the ongoing support provided by the policy and the normalization of economic activities.”
Chinese experts believe that even an economic growth of up to three percent in the second quarter for possible. The Australian, ANZ Bank estimates that the recovery, however, more cautious on an increase of 1.7 percent. The statistics office will present the new growth figures this Thursday.
The end of economic aid?
The recovery makes it unlikely that the government will stimulate the economy even more. Due to the recent boom in the Chinese stock markets and the increase in real estate transactions, the authorities are also worried about growing financial risks of a further easing of monetary policy. “Stronger growth in the second quarter will cool down the expectations on the market on further easing,” the analysis of the ANZ Bank.
Despite the improvement in the need to adjust China’s exporters in the future more difficult to calculated risks. Experts call the uncertainties due to the disputes between the United States and China, in trade and in the technology sector, as well as a possible further decline in the world economy. Is warned about a potential new spread of the Corona of a pandemic, when the weather cools in the third and fourth quarter of the year.
joy in Germany
Germany’s export industry can look with hope on one of its most important single markets. The trade between China and Germany has already launched in June in US Dollar calculated to be 3.9 per cent – driven by an increase of Chinese exports of 12.8 percent. China’s imports from Germany were around three per cent in the Minus. Overall, the trade of the Germans with China, but it runs significantly better than for the Rest of the Europeans.
dk/hb (AP, rtr)
*The post “China’s foreign trade is coming back in the success track” is published by Deutsche Welle. Contact with the executives here.
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