Sunday, October 14, 2012

Christmas effect 2012


Yesterday, the import and export "report card" released by the General Administration of Customs show that the first three quarters, China's import and export value of 2.84247 trillion U.S. dollars, an increase of 6.2%. In September, exports 186.35 billion U.S. dollars, a year-on-year growth rate of 9.9%, a record single-month export scale. Imports of 1.34708 trillion U.S. dollars, an increase of 4.8%; trade surplus of $ 148.31 billion. From the export commodities, machinery and electronic products and textile and garment exports continued to grow.

Analysis of the industry, Christmas Orders and seasonal factors are mainly due to export growth accelerated in September. Ye Qing, the Deputy Secretary of the Hubei Provincial Statistics Bureau, September export growth accelerated, indicating the impact of the financial crisis on China's foreign trade is waning.

September export season

This year, the monthly growth rate of China's export fluctuations, exclusion to 1,2 month due to the Spring Festival factors caused fluctuations April export growth down to a lower level of 4.9%, followed by rapid recovery in May and June, July, plunged to a low of 1% and 2.7% in August.

So, what is the power a rebound in exports in September? Wuhan University the world Professor of Economics, Ph.D. Zhang Jianqing said the general, by the end of the export situation improved is the rule, "the weather is cold, fall and winter clothes, electrical appliances and other necessities of life demand growth, coupled with the upcoming christmas gifts cause demand . "

Wu Tao, general manager of Hubei Huatian textile goods company, told reporters away from Christmas time, but in order to avoid the preganglionic order peak of many foreign orders of two or three months in advance, "the annual September export season, the company's overseas orders last month growth of about three percent. "

Apple with a hot export of electromechanical products

Ye Qing believes that Apple's products are popular in the world has played a significant and leading role of China's export of electromechanical products. Henan, Chongqing, Sichuan Province, the export of electromechanical products has maintained rapid growth, "80% of the world's iPad Chengdu production of 1-July Chongqing's foreign trade growth even more than 200%."

His analysis affected by the international financial crisis, China's exports slow production, but subsistence consumption associated with the market, exports have been growing rapidly.

September export growth so fast, the preliminary view of the sluggish external demand soon be better. "Said Ye Qing, the state has introduced a series of policies are implemented to promote the steady growth of foreign trade, China's foreign trade will recover soon.

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