Arab Today, arab today export outlook ebbs amid developed world woes
Last Updated : GMT 23:50:43
Arab Today, arab today
Arab Today, arab today

Export outlook ebbs amid developed world woes

Arab Today, arab today

Arab Today, arab today Export outlook ebbs amid developed world woes

Beijing - Xinhuanet

The nation\'s export outlook is dimming on a combination of weak demand in developed countries and rising domestic costs, according to the Ministry of Commerce. \"The export situation in the next period is not optimistic,\" said Shen Danyang, ministry spokesman. The foreign trade situation is \"complex with many uncertainties\", Shen told a news conference on Wednesday. Slow economic growth and high unemployment in the major developed economies are curbing consumption, while developing economies are facing increased inflationary pressure and \"hard landing\" risks, he said. These factors are adding to uncertainty over global economic growth, he said, and trade protectionism targeting China and frequent trade disputes are also affecting exports. Exports rose 15.9 percent to $157.49 billion in October, the lowest growth rate in five months, according to the General Administration of Customs. The growth rate might drop further in the next few months, as Europe, China\'s top export market, remains mired in a debt crisis. The outlook for the US, the second-largest market, is uncertain, analysts said. \"We still expect a more drastic weakening of exports,\" Tao Wang, an economist with UBS, wrote in an e-mailed research report. \"We see export growth slowing to low single digits in the next few months.\" Some companies in Dongguan, an export hub in the southern province of Guangdong, have closed as a result of shrinking external demand and rising domestic costs. In other cases, companies have shifted operations to other countries and regions, Shen said. The government will try to stabilize export growth, he said. The ministry will take some \"positive measures\" and keep foreign trade policies stable. It will also further adjust the merchandise-export structure by fostering core advantages such as technology, branding, quality and service, according to Shen The export slowdown contrasts with rapid growth in imports, which are expected to reach $360 billion this year. The trade surplus for the first 10 months narrowed 15.4 percent year-on-year to $124 billion. Shen estimated the full-year surplus at $150 billion, or $30 billion less than last year. Although trade with developed economies is slowing, bilateral trade with Africa has been expanding rapidly. Trade with Africa rose 30 percent to $122.2 billion in the first three quarters of this year, ministry figures show. Shen said that China and Africa are cooperating in sectors such as finance, telecommunications, tourism and aviation. Many Chinese financial institutions are operating in Africa, and many airlines now offer direct flights, the ministry spokesman added.

arabstoday
arabstoday

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 export outlook ebbs amid developed world woes Arab Today, arab today export outlook ebbs amid developed world woes

 



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 export outlook ebbs amid developed world woes Arab Today, arab today export outlook ebbs amid developed world woes

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today EasyJet, Lufthansa among seven to bid

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Fighters celebrate Raqa victory

GMT 06:07 2017 Wednesday ,18 October

Fighters celebrate Raqa victory
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today British actress becomes fifth woman

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman
Arab Today, arab today Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

GMT 12:33 2017 Friday ,13 October

Anoshka happy for reactions to her talk show

GMT 10:37 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 07:02 2017 Sunday ,15 October

German minister sparks uproar

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
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