Exports of Chinese Goods improved in September
China exports were worth 169.6 Billion USD in September of 2011. Export growth has continued to be a major component supporting China's rapid economic growth. Exports of goods and services constitute 39.7% of its GDP. China major exports are: office machines & data processing equipment, telecommunications equipment, electrical machinery and apparel & clothing. China’s largest exports markets are European Union, United States, Hong Kong, Japan and South Korea. This page includes: China Exports chart, historical data and news.
China's foreign trade in the first nine months totaled 2.15 trillion U.S. dollars, a year-on-year increase of 37.9 percent, the GAC said in a statement on its website.
Beijing said its foreign exchange reserves soared $194 billion in September to a record $2.65 trillion, far more than economists had forecast. China already had, by far, the world’s largest currency reserve holdings.
The gains show that China’s fast-growing economy is chugging along and that huge amounts of foreign capital continue to flow into the country, complicating Beijing’s economic policies and threatening to feed inflation and asset bubbles.
Obama administration and some members of Congress are pressing China to move more quickly to appreciate its currency, hoping such a move will temper Chinese exports by making them more costly while bolstering American exports to China.
say that huge trade surpluses are contributing to global imbalances that have dangerous long-term implications for the global economy, creating large surpluses in some regions while others sink in mounting debt.
However, China's exports will continue to grow as demand from developed countries remains strong and world economy will not experience a double dip recession
How has China achieved this phenomenal export growth? Recent studies highlight the sophistication of its exports, the diversification of its product mix, and the growth in new varieties.
To support exporters, China has raised value added tax rebates on exports several times in the past year, increased tax refunds and improved export credit insurance.
China major exports are: office machines & data processing equipment, telecommunications equipment, electrical machinery and apparel & clothing. China’s largest exports markets are European Union, United States, Hong Kong, Japan and South Korea. This page includes: China Exports chart, historical data and news.
The Chinese central bank pledged on June 19 to increase the flexibility of the yuan exchange rate.
The value of yuan hit a new high against U.S. dollar Wednesday with the central parity rate of the yuan set at 6.6693 per U.S. dollar
Sources:
eg2.mofcom.gov.cn
latimes
McKinseyQuart..
tradingeconomics
Telegraph
Beijing said its foreign exchange reserves soared $194 billion in September to a record $2.65 trillion, far more than economists had forecast. China already had, by far, the world’s largest currency reserve holdings.
The gains show that China’s fast-growing economy is chugging along and that huge amounts of foreign capital continue to flow into the country, complicating Beijing’s economic policies and threatening to feed inflation and asset bubbles.
Obama administration and some members of Congress are pressing China to move more quickly to appreciate its currency, hoping such a move will temper Chinese exports by making them more costly while bolstering American exports to China.
say that huge trade surpluses are contributing to global imbalances that have dangerous long-term implications for the global economy, creating large surpluses in some regions while others sink in mounting debt.
However, China's exports will continue to grow as demand from developed countries remains strong and world economy will not experience a double dip recession
How has China achieved this phenomenal export growth? Recent studies highlight the sophistication of its exports, the diversification of its product mix, and the growth in new varieties.
To support exporters, China has raised value added tax rebates on exports several times in the past year, increased tax refunds and improved export credit insurance.
China major exports are: office machines & data processing equipment, telecommunications equipment, electrical machinery and apparel & clothing. China’s largest exports markets are European Union, United States, Hong Kong, Japan and South Korea. This page includes: China Exports chart, historical data and news.
The Chinese central bank pledged on June 19 to increase the flexibility of the yuan exchange rate.
The value of yuan hit a new high against U.S. dollar Wednesday with the central parity rate of the yuan set at 6.6693 per U.S. dollar
Sources:
eg2.mofcom.gov.cn
latimes
McKinseyQuart..
tradingeconomics
Telegraph
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