Vehicles and vehicles are seen following a snowfall in Qingdao harbor, Shandong province, China February 14, 2019. REUTERS / Stringer / File Photo

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  • Exports to China in June grow rapidly in 5 months
  • China June is growing slowly, miss f’cast
  • His export perspective is still uncertain
  • To darken the global economy, the Ukrainian war is compounded

BEIJING, July 13 (Reuters) – China’s exports grew sharply in five months in June, when factories stabilized after removing COVID’s strong closures, but declining exports and dark blacks around the world marked a difficult future. domestic wealth.

Researchers say that the return of exports indicates a decrease in shipping and ports disruptions that have hit the economy in recent months as the government has introduced measures to combat the virus.

Exports in June were 17.9% higher than in the previous year, the fastest growth since January, the forecast data showed Wednesday, compared to the 16.9% annual gain seen in May and faster than analysts expected a 12.0% rise.

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“This jump is indicative of a reduction in the level of disruption that results from closure and, above all, fewer bottles at ports,” said Julian Evans-Pritchard, a Chinese economist at Capital Economics.

“While the volume of vessels at Chinese ports has not changed slightly last month, the recent weakening of domestic ships has released more and more foreign ports,” he said.

Daily events in June at the Shanghai port, which had previously been hit hard by the closure, recovered to 95% of the same rate last year, according to government sources.

Export traffic has contributed to significant growth. China shipped 248,000 vehicles in June, a 30.5% increase from a year ago, which has already happened.

However, economists say that exports need to be halted due to rising global interest rates to support lower inflation and economic growth.

The risk of curbing domestic violence also rests on businesses and families, while the Ukrainian war has re-established international pressure.

China’s foreign trade continues to face uncertainty and uncertainty, Li Kuiwen, a spokesman for the General Administration of Customs, said at a press conference in Beijing on Wednesday.

Zhiwei Zhang, an economist at Pinpoint Asset Management, said that while foreign trade continues to be “the most successful engine in the economy,” the sentiment points to a “difficult road to disruption.”

“As demand in developed countries shifts to employment from imports, significant exports will not be sustainable in the second half of the year. Q3,” added Zhang.

UPSWING TEMPORARY?

As a result of measures to strengthen government and raise barriers, China’s economy has collapsed last month. It fell sharply in April as the country struggles with its biggest COVID-19 epidemic since 2020.

Public and private investigations show that factory operations in the country declined for three months in June. read more

Wednesday’s lawsuit showed that exports in June rose 1.0% from the previous year, down from a May gain of 4.1%, weighted and a gradual decline in imports and reduced domestic consumption. Researchers predict a rise of 3.9%.

Chinese oil exports daily in June fell by 11% from the previous year to the lowest since July 2018, while refineries are expected to cut oil within the COVID-19 ban.

Exports of soybeans also fell 23% from the previous year when rising global prices reduced interest in oilseeds.

China sent more than $ 97.94 billion last month, contrary to experts’ forecast of $ 75.70 billion remaining and $ 78.76 billion in May.

Proponents of her case have been working to make the actual transcript of this statement available online.

Despite increased pressure from global mitigation, a steady housing market and a slowdown in home consumer spending means that China’s larger engines remain less stable.

In addition to the hurricane, a major variant of BA.5 Omicron was found in several cities last week.

As of Monday, 31 cities – accounting for 17.5% of China’s population and 25.5% of GDP – have implemented total or partial restrictions on government reforms, Nomura researchers say.

China is due to release its figures for the second quarter of GDP on Friday.

A Reuters study showed that GDP may have grown 1.0% in the April-June quarter since last year, indicating that policymakers need to do more to recover faster. read more

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Reports by Stella Qiu, Ellen Zhang and Ryan Woo; Edited by Bradley Perrett and Shri Navaratnam

Our Standards: Principles of Thomson Reuters Trust.



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