China June export grows at fastest pace in 5 months; trade surplus at record, but export outlook still faces uncertainty
The share of Chinese imports in the country's total inbound shipments has declined to 15.4 per cent in 2021-22 from 16.5 per cent in 2020-21, sources said on Thursday. They also said the major items imported from China into India are used for meeting the demand of sectors like telecom and power. Citing some examples, they said imports like Active Pharmaceutical Ingredients (APIs) and drug formulations provide Indian pharma industry raw material for producing finished goods which are also exported. Increase in imports of information and communication technology products and medical and scientific instruments can be attributed to the surge in demand of these products during COVID-19 times. "Moreover, the rising prices of commodities globally have also played a significant role in adding to import value," one of the sources said. Exports to China increased marginally to USD 21.25 billion last fiscal from USD 21.18 billion in 2020-21, while imports rose to USD 94.16 billion from about
China's exports to the region grew over five times between 2005 and 2020
Export growth in April in dollar terms slowed to 3.9% from a year earlier, compared to an increase in March of 14.7%, customs data showed Monday
Employment deficit is a bigger problem for India than trade deficit. That and the feasibility question should not be lost in PLI's search for strategic self-reliance, writes T N Ninan
Local outbreaks have caused great pressure on production and operation of some enterprises and the stability of the supply chain, said a customs official, Li Kuiwen, at a news conference
China's exports rose 15.7% in March over a year earlier while imports were flat due to disruptions from coronavirus outbreaks.
A sudden jump in Covid-19 cases has forced China to impose lockdown in at least 13 cities. Find out the impact this will have on Indian smartphone manufacturing
China's exports rose by double digits in January-February in a sign global demand is reviving while imports also gained despite a downturn in the world's second-largest economy. Exports grew by 16.3% over a year earlier to $544.7 billion in the two-month period, customs data showed Monday. Imports advanced 15.5% to $428.7 billion. Chinese authorities combine trade data for the first two months to screen out fluctuations due to the Lunar New Year holiday, which falls at different times each year in January or February. Factories shut down for up to two weeks, then restock after they reopen. Exports to the United States rose 13.8% over a year earlier to $91.5 billion despite higher U.S. tariffs in a lingering trade war with Beijing. Imports of American goods gained 8.3% to $31.7 billion. That was despite an abrupt slide in Chinese economic activity to 4% over a year earlier in the final quarter of 2021, compared with 8.1% for the full year, due to a crackdown on corporate debt. The
Chinese factory activity edged higher in December as supply disruptions eased and export demand weakened, a survey showed Friday. The monthly purchasing managers' index issued by the national statistics agency and an industry group gained to 50.3 from November's 50.1 on a 100-point scale on which numbers above 50 show activity accelerating. Chinese manufacturing has been hampered by shortages of some components including semiconductors and disruptions in shipping. Some areas ordered factories to shut down temporarily starting in September to meet official energy efficiency targets. A measure of new orders improved to 49.7 from November's 49.4, according to the China Federation of Logistics & Purchasing and the National Bureau of Statistics, though demand still was weak. An index of export orders sank to 48.1 from 48.5. The overall recovery of China's economy is clearer, economist Zhang Liqun said in a statement issued by the federation. However, he said, the country needs to ...
Brent crude was up by 86 cents or 1% at $83.60 a barrel by 0745 GMT, after dropping nearly 2% last week
China's exports remained strong in October, a positive sign for an economy trying to weather power shortages and COVID-19 outbreaks.
Imports, however, missed analysts' expectations, likely pointing to the overall weakness in domestic demand.
China's import and export growth slowed in September amid shipping bottlenecks and other disruptions combined with coronavirus outbreaks, according to customs data reported Wednesday.
China's exports unexpectedly grew at a faster pace in August thanks to solid global demand, helping take some of the pressure off the world's second-biggest economy
China's exports grew at a much faster than expected pace in June as solid global demand led by easing lockdown measures and vaccination drives worldwide eclipsed virus outbreaks and port delays
While China's exporters are enjoying strong demand, global supply chain bottlenecks and rising raw materials costs have weighed on production
Vietnam on Tuesday decided to keep anti-dumping duty on aluminium from China
Despite sporadic Covid-19 cases in China's border cities, authorities have been able to contain the virus in a boost to factory activity as production has gradually picked up to pre-pandemic levels
The Biden administration has added seven Chinese supercomputer research labs and manufacturers to a US export blacklist in a spreading conflict with Beijing over technology and security