Arab Today, arab today china trade surplus expands to 4541bn in october
Last Updated : GMT 01:21:23
Arab Today, arab today
Arab Today, arab today

China trade surplus expands to $45.41bn in October

Arab Today, arab today

Arab Today, arab today China trade surplus expands to $45.41bn in October

China records a better-than-expected trade surplus of $45.41 billion in October
Beijing - AFP

China recorded a better-than-expected trade surplus of $45.41 billion in October, customs said Saturday, but weaker export and import growth could be a worrisome sign for the world's second largest economy.
October's trade surplus expanded 46.3 percent from the same month last year, exceeding market expectations for a $42.3 billion surplus, according to a survey of 11 economists polled by The Wall Street Journal.
The surplus also widened from the $31.0 billion recorded in September, though it was off the record $49.8 billion for August, previous figures showed.
Exports jumped 11.6 percent year-on-year to $206.87 billion in October, while imports rose 4.6 percent to $161.46 billion, customs said.
"The trade surplus was driven by the contraction in growth of imports... and export growth was not very strong. So the quality of the surplus was not very high," Liu Xuezhi, a Shanghai-based analyst at Bank of Communications, told AFP.Growth in exports -- a key engine of China's economy -- slowed in October from a 15.3 percent year-on-year rise in September. Import growth remained weak in October, slowing from a 7.0 gain in September.
"Domestic demand is weak," Liu said. "De-stocking this year has led to consumption of cement, coal, iron ore and other raw materials to decline, making demand for imports weak."
China's economy has faltered this year, hit by a deflating property bubble as well as a government crackdown on corruption and weak external demand from Europe.
The Chinese economy grew an annual 7.3 percent in the third quarter, the slowest in more than five years since the depths of the global financial crisis, dipping below the government's target of around 7.5 percent for all of this year.
Beijing has so far clung to "targeted" measures to spur growth, cutting reserve requirements -- the amount of funds banks must put aside -- for some banks and loosening monetary policy by injecting cash into the banking system.
The central bank confirmed on Thursday that it had injected 769.5 billion yuan ($124 billion) into the banking system over the past two months.
Analysts expect the government to cling to targeted easing, though some say policymakers could still resort to an across-the-board cut in reserve requirements or even interest rates.
"Overall, the easing bias in China's monetary policy will be maintained," ANZ bank said in a research note on Friday. "China's central bank will intensify the effort to lower the cost of funds facing the real economy."

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china trade surplus expands to 4541bn in october Arab Today, arab today china trade surplus expands to 4541bn in october

 



Arab Today, arab today
Arab Today, arab today Fadi explains secrets of  Nancy Ajram's newlook

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Zainab al-Maliki reveals herTV presenter models

GMT 18:12 2017 Friday ,24 February

Zainab al-Maliki reveals herTV presenter models

GMT 05:58 2017 Saturday ,25 February

US new home sales rise in January

GMT 05:46 2017 Saturday ,25 February

Record unemployment in Brazil

GMT 05:33 2017 Saturday ,25 February

Indian wind power tariffs fall

GMT 05:27 2017 Saturday ,25 February

German construction sector grows
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Actress Lobna Abdel Aziz proud of her career

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday