China – Dec external trade
13/01/2018 10:16 am MYT
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In Dec, exports and imports rose 7.4% and 0.9% respectively from a year ago, giving rise to a trade surplus of RMB362.0 bln. For the whole of 2017, exports and imports expanded by 10.8% and 18.7% respectively to RMB15.33 trillion and RMB12.46 trillion, giving rise to a trade surplus of RMB2.87 trillion – see figure 1.


 


 

In 2017, China’s external trade benefitted from the synchronized global economic recovery as well as the ongoing implementation of one the One Belt One Road project. China’s exports to her three major trading partners – EU, US, and ASEAN – rose by 15.5%, 15.2%, and 16.6% respectively. Meanwhile, the exports to Russia, Poland, and Kazakhstan expanded by 23.9%, 23.4%, and 40.7% respectively.

 

Electrical machinery and the traditional labour intensive products continued to be the main export drivers, growing 12.1% and 6.9% respectively in 2017, and accounting for 58.4% and 20.1% respectively of total exports. On the other hand, imports were driven by higher import volume as well as prices following a recovery in the global commodity prices.

 

In 2017, China’s total trade rose 14.2% from 2016 to RMB27.79 trillion, ending two consecutive years of contraction. With the global economic growth in 2018 expected to remain healthy, i Capital continues to see a favourable performance in China’s external trade in 2018. China’s exports are expected to grow by 8-10% in 2018, while import growth is expected to be in the range of 7-9%.

 

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One of the reasons Tan Teng Boo set up Capital Dynamics is to help genuine investors achieve superior returns by investing properly. Therefore, Teng Boo and Capital Dynamics have always place great emphasis on investor education. While providing sound investment advice, the contents of i Capital and www.icapital.biz are written with the objective of teaching subscribers the important ingredients of sound investing. Once again, we urge subscribers to put in the time and efforts to read the entire issue of i Capital every week; your efforts will definitely not be wasted.

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