From the perspective of exported areas, China's exports to the United States have shrunk 3.8 % in August and increased by 11 % in July, the lowest level since April 2020.
(Beijing / Shanghai Comprehensive News) Due to the weakening of global demand and the interference of domestic crown disease, the slowdown in export growth in August exceeded expectations, and imports also continued their downturn due to weak domestic demand.
The China Customs General Administration announced data on Wednesday (September 7) that the export of US dollars in August increased by 7.1 % year -on -year to USD 314.9 billion (about 442.9 billion yuan), which was a sharp decline of 10.9 from July.One percentage point.According to Bloomberg, the export growth rate is less than 13 % from the estimated medium value from Bloomberg survey economics, which is the slowest since April.
In August, the imports of August were only 0.3 % year -on -year, the growth rate was two percentage points lower than the 2.3 % in July, and it was lower than the 1.1 % estimated medium value from the Bloomberg survey economist.
Following the continuous historical high in the previous two months of trade surplus, due to the obvious weakening of exports, the August trade surplus narrowed at $ 21.88 billion to $ 79.39 billion.
The chief Chinese economist of Nomura Holdings, Lu Ting, analyzed that after two years of overtime growth, China's export growth rate fell towards a more normal level; imports were sluggish, showing that domestic demand was weak, which led to a high level of trade.
Bloomberg Economic Research Asia Senior Economist Qu Tianshi pointed out: "China's slowdown in exports in August exceeds expectations, which is another sign of recovery that is losing power -more policy support is required.The effect and the global prospects are weak. We expect that the remaining time of this year will continue to be under pressure. "
From the perspective of exported areas, the momentum of China's exports to the United States 3.8 % in August, and reversing the momentum of increased by 11 % in July, the lowest level since April 2020; after the US House of Representatives Perosi visited Taiwan, mainland China suspended part of the suspension of part of ChinaFor Taiwan trade, the exports of Taiwan have also appeared for the first time since January 2020; exports to the EU increased from 23.2 % in July to 11.1 %;%.
In terms of commodity categories, the exports of smartphones, home appliances and semiconductors have fallen by about 10 % in the first eight months of this year. This was because the base was high in the same period last year. At that time, the epidemic boosted the sales of such products.The export of cars remained firm. The export volume in the first eight months of this year has soared 56 %, becoming one of the fastest export categories with rare earth and aluminum.
China official has set a target of about 5.5 % of the economic economy at the beginning of this year, but the economy has been severely frustrated due to the emergence of the epidemic and the landslide of the real estate market.In the second quarter of this year, the year -on -year growth rate of China's economy fell to the lowest 0.4 % in two years, and the economic growth rate in the first half of the year was only 2.5 %.Analysts point out that export deceleration may further increase economic pressure.
Zhang Zhiwei, the chief economist of Baoyin Investment, predicts that exports will be more likely to increase the number of units during the remaining time;Dependence on domestic demand.
