Join        Login             Stock Quote

China Offers No Surprise.

 April 11, 2012 12:40 PM

By Indranil Sen Gupta

No Sudden Surprise.
China reported last month trade deficit which was recorded after 20 years in the Chinese economy. The trade deficit of China was worth $31.5 billion in February, the largest since 1990.Today the latest figures came up where china has shocked the world economy with a trade surplus. China swung back to trade surplus in March from February's deficit of $31.48 billion, posting $670 million trade surplus in the first quarter according to the General Administration of Customs (GAC).Exports amounted to $165.66 billion in March, up 8.9 percent year-on-year, while imports reached $160.31 billion, the GAC data showed.The amount of foreign trade in china surged March by 7.1 % year-on-year to reach $325.97 billion, with a trade surplus of $5.35 billion. The trade surplus indicates money is flowing back to chinese streets again.

Well it was not an surprising number for me as the last month number of trade deficit was backed the Chinese lunar New Year which fell in January this year, the year-on-year growth rates for Chinese exports and imports were distorted, and combined figures for the January-February period were could have better reflected the numbers of growth. Moreover china is being acclaimed that its economy is facing a hard landing. Well according to me Asian economies are facing the heat of high inflation and slow growth for the past 6 months or more. India,China and other Asian economies are facing the slowdown of the European market. From January to February, China's exports to the EU dropped by 1.1%, pulled down by the crisis in Italy, where imports from China fell by 31.1%.Further china has been able to swung into trade surplus due to China replacing European countries from exporting countries map. China despite of the hurdles in European economy has exploded emerging markets which helped Chinese exports. Sales to Russia and Brazil gained 10.3% and 10.9%, respectively.

High Inflation Replacing Export short fall.

China is facing the heat of high inflation which has spooked up the price of living in China.

Next Page >>12
iOnTheMarket Premium


Post Comment -- Login is required to post message
Alert for new comments:
Your email:
Your Website:

rss feed

Latest Stories

article imageReversals After a Gap on the Open Could Mean Anything

Yesterday stock indexes gapped up on the open but then reversed course to close sharply lower. This type of read on...

article imageJobless Claims Fall To 15-Year Low

After reading today’s weekly update on jobless claims the Fed’s comment yesterday that “economic activity read on...

article imageGreece, EMU and Democracy

One more post on Greece, possibly not the last read on...

article imageA Tangled Tale Of Rate Hikes & Inflation Expectations

The Federal Reserve continues to signal that it will start raising interest rates later this year, read on...

Popular Articles

Daily Sector Scan
Partner Center

Related Articles:

Greece, EMU and Democracy
More Articles on: China

Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.