China exports

Debate in US over trade deficit with China heats up

US steelmakers blame Chinese rivals for the loss of jobs. Photo: Xinhua

A chorus of voices in the United States has been calling for tougher trade action against China, alleging imports from the country are slashing jobs in the US.

Friday, 21 March, 2014, 5:19am 3 comments

Yuan's drop a mixed blessing for Chinese exporters

Zhou Xiaochuan says the recent volatility in the yuan was normal.

While the recent drop in the value of the yuan might seem good news for mainland exporters, few welcomed it.

More volatility is expected to come, as Beijing gives the currency more latitude to fluctuate.

6 Mar 2014 - 1:02am

Fake invoices boosted China trade by US$75b in first four months: report

The customs administration officially reported export growth of 17.4 per cent in the first four months of the year, while imports officially grew 10.6 per cent.

An alternate estimate found that actual year-on-year export growth for January to April was only about 7 per cent, while import growth was about 6 per cent, 21st Century Business Herald reported, citing an unidentified source and an internal commerce ministry document.

15 Jun 2013 - 4:05am

Export growth plunges to 1pc as impact of crackdown on fraud has effect

Much of the trade through Kwai Chung and Hong Kong's other container terminals reported by mainland firms was fake. Photo: K. Y. Cheng

Exports in May rose by 1 per cent to US$182.8 billion from the same month last year, according to customs data released yesterday. The growth was far below the 14.7 per cent increase in April and also well below the 7.4 per cent estimate of economists polled by Bloomberg.

9 Jun 2013 - 6:34am

China May exports edge up 1 pct, imports slip-customs

A man cycles past graffiti in Beijing on May 29, 2013. Photo: AFP

China’s exports rose 1 per cent in May from a year ago while imports fell 0.3 per cent, leaving the country with a trade surplus of US$20.4 billion for the month, the Customs Administration said on Saturday.

That compared with market expectations of a 7.3 per cent rise in exports, a 6.0 per cent increase in imports and a trade surplus of US$19.3 billion.

8 Jun 2013 - 11:23am

'Fake invoice' curbs set to show slowing trade

Outbound shipments may have grown 7.1 per cent year on year last month, less than half April's reported 14.7 per cent. Photo: AFP

The mainland's crackdown on fake export invoices used to disguise money flows is probably cutting its trade figures, revealing subdued global demand that will weigh on economic growth.

7 Jun 2013 - 3:46am

Chinese hunger for US food boosts ties

Amid a spate of food scandals in China, demand for imports of American food has risen dramatically in recent years. Photo: Bloomberg

When President Xi Jinping visited Iowa in February 2012 as vice-president, he underscored the importance of the American agricultural sector to China by visiting a farm.

21 May 2013 - 4:34am

China exporters at risk as buyers delay paying

Mainland exports grew 17 per cent in the first four months, although observers cast doubts over the accuracy of the figures. Photo: Reuters

The credit risks faced by exporters are mounting even as trade data suggests a spike in mainland exports since the beginning of the year. Local manufacturers complain that it is taking much longer to collect bills as the appreciation of the yuan and rising costs add to the pressure on overseas buyers, especially those from Europe, who have increased the settlement period from one month to three months.

18 May 2013 - 3:33am

Stronger yuan, fear of forex losses hurting exporters

Fast yuan appreciation has hurt exporters. Photo: Reuters

Fast yuan appreciation has hurt exporters, the Ministry of Commerce said, adding the country's trade outlook is clouded by uncertainties despite the recent upbeat growth.

17 May 2013 - 6:15am

China warns EU against protectionism on solar panels

The EU executive on Wednesday proposed heavy anti-dumping tariffs of around 47 per cent on imports of Chinese solar panels. Photo: AFP

Beijing urged the European Union on Thursday to avoid engaging in protectionism, after Brussels proposed an anti-dumping levy on imports of Chinese solar panels.

The EU’s executive arm, the European Commission, is considering a heavy tariff of 47 per cent, an EU source said, as European solar panel makers complain they are being undercut by cheap Chinese imports.

9 May 2013 - 9:16pm

China's April export data beats market target

The surge in export and imports led the mainland to record a trade surplus of US$18.2 billion for last month. Photo: Reuters

The mainland's export growth last month may be too good to be true, with economists unanimously linking the strong performance to speculative fund inflows betting on yuan appreciation. The situation adds to the complexity in reading the country's real economic strength.

9 May 2013 - 5:13am

China outlook dims as export orders fall, PMI shows

Workers assemble air conditioners at a factory of Gree Electric Appliances in Wuhan in central China's Hubei province. Photo: EPA

The HSBC flash manufacturing purchasing managers index (PMI) for China fell to a two-month low of 50.5 in April, compared with the final reading of 51.6 in March, HSBC and Markit said yesterday.

29 Aug 2013 - 4:13am

Surge in China exports fuels recovery hopes

An employee works on a steel production line at a factory in Dalian. Photo: Reuters

China’s exports surged more than 20 per cent in February on-year despite the Lunar New Year holiday, data showed Friday, in another sign of recovery for the world’s second-largest economy. 

9 Mar 2013 - 1:47am

Weibo is key to combating mainland corruption

Say no to cigarettes.

Pan Shiyi, chairman and co-founder of the property company Soho China, is one of the mainland's liveliest businessmen and an obsessive weibo user. Yesterday he regaled a humdrum Asian Financial Forum with his views on the best way to combat corruption on the mainland.

15 Jan 2013 - 4:16am

Inflation, trade drive yuan to 19-year US$ high

Inflation, trade push yuan to 19-year US$ high. Photo: AFP

The yuan strengthened to less than 6.22 against the US dollar yesterday for the first time in 19 years, as bullish sentiment was boosted by mainland inflation and trade data.

12 Jan 2013 - 4:02am