China: Exports Surge to All-Time Record While Inflation Remains Low

December 9th, 2013
in econ_news, syndication

Econintersect:  China's trade surplus reached a level in November 2013 not seen in more than four years.  This was driven by a strong surge in exports which rose more than expected by 12.7 % from the same month a year ago.  Imports increased year-over-year by 5.3%, less than had been expected.  The trade surplus was $33.8 billion.  This was the largest number since January 2009.  The export value for November reached an all-time single month record of $202.2 billion.

Follow up:

There are questions about sustainability.  The latest PMI numbers indicated a subdued expectation for exports as new export orders were not as strong as people had expected, according to a report from Bloomberg.  Last week GEI News reported (From the Markit-HSBC PMI report) that new export orders expanded at a "fractional pace" in November.

From Trading Economics:


The current trade surplus is the highest in history except for the five month period August 2008 through January 2009.


Late news note: Everything was coming up roses for China this week-end as the November CPI  (Consumer Price Index) report came in lower than expected, up 3.0% year-over-year, down from 3.2% for October.  PPI (Produce Price Index) fell 1.4% y-o-y in November, down from an decrease of 1.5% in October but up from September's 1.3% fall.  November was the 21st consecutive month of producer price deflation.


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.



Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2016 Econintersect LLC - all rights reserved