China’s Exports Rise to Support Economy Amid Property Downturn

bigbadwolf

By Bloomberg News - Oct 12, 2014
China’s exports rose more than estimated in September and imports rebounded as global demand helps underpin growth in the world’s second-largest economy.

Exports increased 15.3 percent from a year earlier, the Beijing-based customs administration said today, compared with the 12 percent median estimate in a Bloomberg News survey of analysts. Imports rose 7 percent, against projections for a 2 percent decline, leaving a trade surplus of $31 billion.

China is benefiting from a U.S. recovery, bolstering an economy weighed down by a property slump and slowdown in industrial-output growth. Analysts forecast China’s expansion this year will moderate to 7.3 percent, the slowest since 1990, and to 7 percent in 2015.

“The U.S. economy is trending better and that improves external demand,” Wen Bin, a researcher at China Minsheng Banking Corp. in Beijing, said before today’s data release. “China’s exports are expected to stay healthy.”

The increase in exports follows a previously reported 9.4 percent jump in August and compares with analysts’ estimates for gains ranging from 7.7 percent to 16.6 percent. The median projection for imports was a 2 percent drop, after a 2.4 percent decline in August. The trade surplus was forecast at $41.1 billion, following a record $49.8 billion in August.

The economy probably grew 7.2 percent last quarter, the slowest in more than five years, based on the median estimate of analysts surveyed by Bloomberg in September. Gross domestic product data are scheduled to be released on Oct. 21.

Central bank Governor Zhou Xiaochuan said over the weekend that the economy “will continue to expand at a steady pace.”

While expediting spending, boosting infrastructure building and relaxing property curbs, Premier Li Keqiang has refrained from broad-based stimulus, saying China prefers reform to boost the economy.

To contact Bloomberg News staff for this story: Xiaoqing Pi in Beijing at xpi1@bloomberg.net

To contact the editors responsible for this story: Malcolm Scott at mscott23@bloomberg.net Scott Lanman

源济

《华尔街日报》2014年10月13日10:04

中国9月份进出口双双超预期

中国2014年9月份出口同比增长15.3%，数据优于市场预期，亦好于8月份出口同比增幅9.4%。

此前接受《华尔街日报》(The Wall Street Journal)调查的15位经济学家预期，9月份出口可能同比增长12.5%。

海关数据还显示，9月份进口同比增长7.0%，表现远远强于预期。经济学家的预期中值为下滑2.4%；8月份为下降2.4%。

此外，中国9月份实现贸易顺差310亿美元，低于市场预期，且较8月份的顺差498.3亿美元大幅收窄。此前市场预期中值为顺差420亿美元。

Zi Guo