24 September 2017
AsiaNews.it Twitter AsiaNews.it Facebook
Geographic areas




  • > Africa
  • > Central Asia
  • > Europe
  • > Middle East
  • > Nord America
  • > North Asia
  • > South Asia
  • > South East Asia
  • > South West Asia
  • > Sud America
  • > East Asia
  •    - China
  •    - Hong Kong
  •    - Japan
  •    - Macau
  •    - North Korea
  •    - South Korea
  •    - Taiwan


  • » 01/13/2017, 13.24

    CHINA

    As Chinese exports drop in December, all eyes are on Trump



    In 2016, Chinese exports fell by 7.7 per cent, the worst decline since 2009. With Trump’s victory, the yuan weakened to its lowest level since 2009.

    Beijing (AsiaNews) – China's exports slumped more than expected in December as global trade remained sluggish. Imports also cooled.

    Overall, exports dropped by 6.1 percent on-year, against a 0.1 per cent increase in the previous month.

    December's trade balance stood at US$ 40.82 billion, compared to US$ 44.61 billion in November.

    Last year, exports declined by 7.7 per cent on-year, the worst drop since 2009, according to Reuters. Imports declined as well, by 5.5 per cent.

    Still, the world's second-largest economy was left with a 2016 trade surplus of US$ 509.96 billion.

    However, rising costs and weakening advantages in low-end sectors will hinder China's foreign trade performance this year.

    Following Donald Trump's election, the yuan dropped to its lowest level since January 2009, amid renewed strength in the dollar.

    A weaker currency makes Chinese products more attractive in overseas markets, and the recent plunge helped explain November's strong export performance.

    Yet, for Reuters if Trump unveils protectionist measures, China's export growth will be limited.

    Regardless, global protectionism is on the rise and will enhance trade risks.

    e-mail this to a friend Printable version










    See also



    Editor's choices

    JAPAN - VATICAN
    Archbishop Kikuchi: In tune with the Pope and Card. Filoni for mission in Japan

    Tarcisio Isao Kikuchi

    The bishop of Niigata and President of Caritas Japan comments on yesterday’s papal message sent to the bishops of Japan. The journey stages of Card. Filoni, which will also touch Fukushima. The question of the relationship with the Neocatechumenal Way is still "unresolved".


    VATICAN - JAPAN
    Pope to Japanese Bishops: Be the salt and light of society, even going against the trends



    During the pastoral visit of Card. Fernando Filoni, Prefect of Propaganda Fide, to the Land of the Rising Sun, Pope Francis urges the bishops and the Japanese Church to renew their missionary commitment to society, marked by suicides, divorces, religious formalism, material and spiritual poverty. The request to collaborate with ecclesial movements, perhaps in memory of the controversy with the Neocatechumenal Way.


    AsiaNews IS ALSO A MONTHLY!

    AsiaNews monthly magazine (in Italian) is free.
     

    SUBSCRIBE NOW

    News feed

    Canale RSScanale RSS 

    Add to Google









     

    IRAN 2016 Banner

    2003 © All rights reserved - AsiaNews C.F. e P.Iva: 00889190153 - GLACOM®