BEIJING : China's exports were expected to have risen again in April, albeit at a less robust pace than a month earlier, a Reuters poll showed, supported by unfulfilled orders after last year's COVID disruptions though slowing global growth is darkening the outlook. Outbound shipments last month from the
BEIJING : China's exports were expected to have risen again in April, albeit at a less robust pace than a month earlier, a Reuters poll showed, supported by unfulfilled orders after last year's COVID disruptions though slowing global growth is darkening the outlook.
Imports are still expected to paint a less favourable picture of the overall economy, with economists predicting no growth, similar to April, 2022, after falling by 1.4 per cent year-on-year in March.With many of China's major trade partners on the brink of recession, analysts remain wary about the outlook, noting that the stunning improvement in March partly reflects suppliers catching up with unfulfilled orders from last year's COVID disruptions.
"We believe March's 14.8 per cent year on year growth is unsustainable and monthly export growth may drop to low single-digit or even into negative territory again," Ting Lu, chief China economist at Nomura, wrote in a note, citing a slowing global economy and rising geopolitical tensions.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China's export seen rising in April but at slower pace, outlook challenging- Reuters pollBEIJING : China's exports were expected to have risen again in April, albeit at a less robust pace than a month earlier, a Reuters poll showed, supported by unfulfilled orders after last year's COVID disruptions though slowing global growth is darkening the outlook. Outbound shipments last month from the
Read more »
China forex reserves rise to $3.205 trln in AprilBEIJING : China's foreign exchange reserves rose more than expected in April, official data showed on Sunday, as the dollar fell against other major currencies.The country's foreign exchange reserves - the world's largest - rose $21 billion to $3.205 trillion last month, compared with $3.192 trillion tipp
Read more »
China bank stocks soar on easing margin pressure, credit demand recoveryBEIJING : Shares in Chinese banks rose sharply on Monday after more lenders reduced interest rates on deposits, in a move that would boost margins and assist with Beijing's broader economic goals of increasing spending and credit demand.China Citic Bank and Bank of China surged by the 10 per cent daily tr
Read more »
Japan's service activity grows at record pace in April - PMITOKYO - Japan's services activity grew at a record pace in April, a private-sector survey showed on Monday, helped by a boost in consumer spending following the end of COVID-19 pandemic restrictions.The final au Jibun Bank Japan Services purchasing managers' index (PMI) climbed to a seasonally adjusted 55
Read more »
An oil tanker ablaze in the South China Sea is a global problemWith limited details on who is responsible for the vessel, there has been no one to hold to account. Read more at straitstimes.com.
Read more »
China's Hozon to produce EVs in Thailand for Southeast Asian marketBANGKOK : China's Hozon New Energy Automobile will make electric vehicles in Thailand for the Southeast Asian market, a Thai official said on Saturday, as it follows others in building facilities in the region's major auto production hub.Hozon signed an agreement with Thailand's Bangchan General Assembly
Read more »