>

China: Trade Data Slows, Domestic Economy Strengthens

December 10th, 2012
in econ_news, syndication

Econintersect:  China has announced trade data for November and recent breaking-news-130px7strength in that area was not continued.  Imports were unchanged year-over-year and exports grew by only 2.9% after increasing by 11.6% in October from a year earlier.  The Chinese balance of trade surplus was only $19.6 billion in November, the lowest since $18.7 billion in May.  According to MarketWatch, the consensus expectation had been for a trade surplus of $27.8 billion.

Follow up:

Other data over the weekend was more encouraging for China.  Industrial production growth up ticked to 10.1% year-over-year growth in November, compared to 9.6% for October.  Retail sales also increased growth in November (14.9% y-o-y).  This was an improvement from October when the number had been 14.5%.

Consumer price inflation was 2.0% in November.  In October CPI had hit a post-recession low of 1.7%.  The number remained well below the government's target rate of 4%.

After having been a double digit contributor to GDP growth in China for several years, 2012 GDP growth  is on track to have less than 10% coming from exports.

John Lounsbury

Sources:









Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.













 navigate econintersect.com

Blogs

Analysis Blog
Econintersect Features
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Live Market Commentary
Video of the Day
Weather

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
Live Market Conditions
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2015 Econintersect LLC - all rights reserved