Surprise Jump in March Imports

10 Apr

“China’s imports registered an unexpected increase in March, which trade officials attributed tostronger domestic demand.

“Exports grew 10 percent year-on-year in March to $182.19 billion despite still weak globaldemand, a performance that boosted officials’ confidence they can achieve the 2013 tradegrowth target of 8 percent.”

Even so, “China saw a small trade deficit of $884 million in March as a forecast-busting 14.1 percent year on year surge in imports eclipsed export growth of 10 percent, signalling that domestic demand was gathering the steam needed to drive economic recovery.”

http://www.chinadaily.com.cn/china/2013-04/11/content_16391576.htm

http://www.cnbc.com/id/100628974

 

 

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2 Responses to “Surprise Jump in March Imports”

  1. zk1e11 April 11, 2013 at 5:15 pm #

    Xi Jinping is the new leader of China now, and in his state there will be more imports, he announces that there will be 1000 billions dollars spent on importing from America, and also large amount on other countries (www.gov.cn, 2013). Moreover, the authority will encourage Chinese citizens to travel abroad, and promote the relationship with all over the world.
    Nowadays China has became the top consumer in any industry around the world, the purchasing power cannot be ignored, because regardless the price of the product, the demand in China is increasing continuously due to the rapidly economical growth and large population. And I believe that China may intend to slowly change from export to import country, exporting and cheap labor can only used in most developing country, but if China wants to be advanced country, service industry must be enhanced but now only rely
    largely on exports. Chinese import seems give people a sign that the leader’s new strategy of developing China.

  2. zk1e11 April 14, 2013 at 2:21 pm #

    Xi Jinping is the new leader of China now, and in his state there will be more imports, he announces that there will be 1000 billions dollars spent on importing from America, and also large amount on other countries (www.gov.cn, 2013). Moreover, the authority will encourage Chinese citizens to travel abroad, and promote the relationship with all over the world.
    Nowadays China has became the top consumer in any industry around the world, the purchasing power cannot be ignored, because regardless the price of the product, the demand in China is increasing continuously due to the rapidly economical growth and large population. And I believe that China may intend to slowly change from export to import country, exporting and cheap labor can only used in most developing country, but if China wants to be advanced country, service industry must be enhanced but now only rely
    largely on exports. Chinese import seems give people a sign that the leader’s new strategy of developing China.

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