China's exports continue to slow, but the domestic economy is holding up

Decline in China's export performance, demand lost, another factor of the first signs of the dollar's rise

Good news from the official data released by Chinese customs authorities in August shows that imports are still favorable and the domestic economy is still strong.

Exports are slowing both in the US dollar and the local currency, far below market expectations.

ANZ's senior Chinese economist Betty Wang is not worried about export performance.

Imports stronger than expected are growing in the US dollar while the yuan is relatively flat

Growth of exports slows down in major powers, the US, Europe and Japan, but growth is accelerating in most Asian countries

From the Australian point of view, the import of iron ore reflects 16% growth in the domestic economy a year ago.

Julian Evans of Economic Economics - Pritchard noted that the economic slowdown partly reflects the recent rise in the renminbi against the US dollar - this is the currency of most Chinese trade prices

However, after adjusting the fluctuations in import and export prices, trade volumes are decreasing and exporters have not yet significantly raised the price of the dollar based on recent fluctuations in exchange rates, so the strength of the currency It may not result.

The market will pay close attention to performance and the rapid rise in the RMB against the US dollar will worry that the government will cause currency intervention.

"The strength of the Renminbi is unlikely to change our optimistic view of China's recent export prospects," Mr. Wang said.

Mr. Wang pointed out that China's export competitiveness is gradually shifting from low value added to high-tech products.

"If Apple's share price shows any signs, given the fact that electronic shipping accounts for the majority of China's total exports, the country's export outlook may be positive now." .

As China's domestic economy and consumer base continue to expand, opportunities for foreign exporters to sell products and services to this rapidly expanding market are expanding. In particular, US exporters are in a good position to take advantage of this trend. Below are 10 markets that US exporters will benefit from China's growth, products and services in the near future. Vehicles - In 2013, China imported just $ 10.8 billion worth of cars from the United States in 2013. Although domestic car brands in China are growing, technology and design are often behind that of US companies. Before this gap is buried, Chinese consumers will continue to demand that American cars and trucks become the best products on the market.

China with a huge economy will have a major impact on the world economy, especially the economies related to China. Declining domestic demand in China is most likely to adversely affect the world economy and slow down global economic growth. The United States is one of the countries where China's economic slowdown may be affected as exports of goods and services in China are expected to decline. However, the negative impact of the economic slowdown was partially offset by the decline in crude oil prices.

Economic impact: China's economic slowdown will damage countries exporting to China. The slowdown in the manufacturing industry means slowing demand, which may indicate that the global economy is having problems. In addition, the decrease in the manufacturing industry in China and the decrease in the construction industry means that the decrease in commodity demand for oil, copper, steel, coal etc. will damage the export dependent economies (Australia, Russia, Indonesia, Canada etc) I will.

Currently a fool's current affair problem, actually reducing the number of people who have life but do not have time to read news

37: China 's trade to GDP declined from 65% in 2006 to 37% in 2016, the dependence on exports to promote economic growth declined and it became less susceptible to the deceleration of trade . Coupled with the ability to attract domestic media, China negotiated trade with the United States with a very powerful force.

Growth in emerging Asian countries continues to be powerful. China's economy continues to shift from investment-type growth to domestic economic growth, and actual exports of prices and services have resumed growth in 2016, with inflation and unemployment rates remaining stable. In 2016, Canada has taken an important step in strengthening commercial relations with China through exploratory negotiations on free trade agreements. India is expected to continue to realize its huge growth potential; throughout the region, the vibrant economy has become a major export platform for electric and electronic equipment, clothing, services and other sectors It is in focus.