Foreign trade to return to the "double digit" growth in the import and export scale Qi innovation
Decline of import and export in May this year there have been some degree of torsion.
The data released by the General Administration of Customs on the 10th the month of May, China's import and export value of $ 343.58 billion, up 14.1 percent month import and export scale to refresh the record $ 334.11 billion in November last year, the historical record. Among them, the import and export scale, both to create the monthly record high exports that month of $ 181.14 billion, an increase of 15.3%; imports 162.44 billion U.S. dollars, an increase of 12.7%.
In May, the foreign trade to return to double-digit growth also exceeded market expectations. ANZ Bank chief economist for Greater China, Liu Ligang, told reporters that "China's trade data is much higher than market expectations, which indicates that China's economy started to stabilize to a certain extent, also indicates that China's economy will soon rebound."
In fact, the Vice Minister of Commerce Li Jinzao has previously disclosed that China's foreign trade in May the situation has shown signs of improvement. He also said, "This makes us more confident to trade goals this year."
From an export point of view, the data show that exports in May increased by 15.3 percent, much higher than last month's 4.9% and 7% of the market expectations, and the United States, Japan and ASEAN exports rose sharply, exports to Europe also reversed the previous negative growth trend.
Imports rose 12.7 percent, also far higher than last month's 0.3 percent and 5 percent of the market expectations. Commodity imports iron ore, crude oil and soybean imports from last month's rise.
In May, China's trade surplus of $ 18.7 billion, an increase of 44.6 percent over the same period last year. Liu Ligang, said the yuan recently faced with the devaluation pressure on the dollar, the trade surplus to remain high, there will be significantly reduced. Indeed, despite the yuan against the dollar a more significant devaluation of the yuan against the euro since last November on the appreciation of the strong Australian dollar rally since May there have been more obvious. Of course, since the situation in Europe is still not stable, the pace of RMB appreciation will significantly slow down.
Look at the first five months, according to Customs statistics, from January-May, China's import and export value of $ 1,510,890,000,000, an increase of 7.7 percent over the same period last year. Among this, exports of $ 774.4 billion, an increase of 8.7%; imports 736.49 billion U.S. dollars, an increase of 6.7%; the cumulative trade surplus was 37.91 billion U.S. dollars.
Export commodities, the export of electromechanical products faster growth. January to May, China's export of electromechanical products was $ 447.88 billion, an increase of 9.9 percent over the same period, China's exports of high overall growth rate by 1.2 percentage points, accounting for 57.8% of the total value of exports over the same period. During the same period, apparel exports of $ 52.57 billion, an increase of 2.5%; textile exports of $ 38.07 billion, an increase of 1.4%; footwear exports $ 16.42 billion, an increase of 8.5%. Imported goods, the import price of iron ore, soybeans and other commodities decreased significantly, the rapid growth of automobile imports.
The Commerce Department said that the world economy does not deteriorate further, the foreign demand, there are no major reversal, the annual foreign trade growth is likely to be "low and stable in after high" development trend.