-
Important news
-
News
-
Shenzhen
-
China
-
World
-
Opinion
-
Sports
-
Kaleidoscope
-
Photo Highlights
-
Business
-
Markets
-
Business/Markets
-
World Economy
-
Speak Shenzhen
-
Leisure Highlights
-
Culture
-
Travel
-
Entertainment
-
Digital Paper
-
In depth
-
Weekend
-
Lifestyle
-
Diversions
-
Movies
-
Hotels
-
Special Report
-
Yes Teens
-
News Picks
-
Tech and Science
-
Glamour
-
Campus
-
Budding Writers
-
Fun
-
Futian Today
-
Advertorial
-
FOCUS
-
Guide
-
Nanshan
-
Hit Bravo
-
People
-
Person of the week
-
Majors Forum
-
Shopping
-
Investment
-
Tech and Vogue
-
Junior Journalist Program
-
Currency Focus
-
Food Drink
-
Restaurants
-
Yearend Review
-
CHTF Special
-
QINGDAO TODAY
在线翻译:
szdaily -> Business -> 
Exports seen still humming
    2018-11-08  08:53    Shenzhen Daily

THE country’s exports are expected to have expanded at a healthy clip in October as businesses frontloaded orders, a recent poll showed.

Imports growth is also forecast to have been solid, as China ramps up investment and further spurs domestic consumption to counter growing economic headwinds.

But their growth rates are forecast to remain on a gradual decelerating trajectory, with future orders already showing signs of cooling as businesses fret over uncertainties stemming from a months-long trade row.

China’s October exports likely grew 11 percent from a year earlier, slower than the previous month’s 14.5-percent jump but faster than August’s 9.8-percent gain, according to the median estimate of 36 economists.

Import growth is expected to have eased modestly to 14 percent from 14.3 percent in September.

The United States has levied additional duties of between 10 percent and 25 percent on US$250 billion of Chinese goods this year, with the 10-percent tariffs set to rise to 25 percent from January next year.

Companies have been ramping up shipments before stiffer U.S. duties go into effect, though factory surveys have shown export orders have been shrinking for several months.

Abell Lu, general manager of Chinese battery maker Motoma Power, said he has seen a 10-percent increase in business demand recently since their U.S. customers rushed to place more orders ahead of the next line of tariffs.

China’s overall trade surplus is expected to have rebounded to US$35 billion in October from US$31.7 billion in the previous month.

Motoma Power’s Lu also said the recent boom in his business is likely to be short-lived, as their U.S. clients were already looking to buy from other countries instead of China.

“Looking forward, we expect more growth and capital market stabilization policies to be rolled out in China,” wrote China International Capital Corp.’s research analysts.(SD-Agencies)

深圳报业集团版权所有, 未经授权禁止复制; Copyright 2010, All Rights Reserved.
Shenzhen Daily E-mail:szdaily@szszd.com.cn