China July export growth seen cooling, imports likely to rise
Skip to main content
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
The Business Standard

Monday
January 30, 2023

Sign In
Subscribe
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
MONDAY, JANUARY 30, 2023
China July export growth seen cooling, imports likely to rise

Global Economy

Reuters
05 August, 2022, 10:35 am
Last modified: 05 August, 2022, 10:40 am

Related News

  • China's Sichuan frees unmarried people to legally have children
  • Capital market can be funding source for private sector to enter power distribution
  • Transition to renewables a must to ensure energy security for Bangladesh
  • A subsidy war without winners
  • Bangladesh in better position than Sri Lanka, Pakistan to navigate forex crisis: UCB Asset Management

China July export growth seen cooling, imports likely to rise

Reuters
05 August, 2022, 10:35 am
Last modified: 05 August, 2022, 10:40 am
Cranes and containers are seen at the Yantian port in Shenzhen, following the novel coronavirus disease (Covid-19) outbreak, Guangdong province, China May 17, 2020. Photo: Reuters
Cranes and containers are seen at the Yantian port in Shenzhen, following the novel coronavirus disease (Covid-19) outbreak, Guangdong province, China May 17, 2020. Photo: Reuters

China's export growth is expected to have slowed in July, adding to signs of weakening global demand, while imports likely picked up slightly, a Reuters poll showed on Friday.

Exports likely grew 15.0% last month from a year earlier, narrowing from a 17.9% expansion in June, according to a median forecast in a Reuters poll of 20 economists.

"Final demand for Chinese goods is now softening. After a pandemic-induced surge, advanced economy retail sales are dropping back to trend," said Julian Evans-Pritchard, Senior China Economist at Capital Economics said in a note last week.

Export momentum could moderate further in coming months, with China's official July factory survey signalling a contraction in orders.

"The robust export growth seen over the past two years is really behind us and is set to decelerate over the next few quarters as major developed economies enter recessions amid a more synchronized global slowdown," said Nomura in a note.

Imports likely rose 3.7% in July versus a year ago, the poll showed, higher than the 1.0% growth in June, partly boosted by infrastructure investment.

"China's import momentum (is expected) to pick up in the second half, supported by demand for machinery, equipment, and commodities related to investment in infrastructure and strategic sectors," said Oxford Economics analysts in a note.

In July, 3,876 major projects started construction, involving total investment of 2.4 trillion yuan ($355.25 billion), the Securities Times said on Thursday.

With the economy on shaky ground after a sharp Covid-induced slowdown in the second quarter, authorities are doubling down on an infrastructure push, dusting off an old playbook to prop up the economy, pledging 800 billion yuan in new credit quota to fund big projects.

China's trade surplus is likely to have narrowed to $90 billion in July from a record high of $97.94 billion in June.

The trade data will be released on Sunday.

Top News / World+Biz / China

china / Economy / Import - Export

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Photo: Bloomberg
    Adani rout hits $71 billion as fight with Hindenburg intensifies
  • Prime Minister Sheikh Hasina. Sketch: TBS
    Continued democracy helps rapid development: PM Hasina
  • Photo: Collected
    Zamzam Well water sale halted at Baitul Mukarram market

MOST VIEWED

  • Unilever’s global initiative Transform is working to build a platform that will help enterprises prosper during and after the pandemic. Photo: Reuters
    Unilever picks Dutch dairy chief as new CEO
  • Photo: Bloomberg
    Adani rout hits $71 billion as fight with Hindenburg intensifies
  • Photo: Collected
    Asian markets mixed as traders await rate decisions
  • The logo of the Adani Group is seen on the facade of one of its buildings on the outskirts of Ahmedabad, India, April 13, 2021. REUTERS/Amit Dave/
    Adani's $2.5 billion share sale faces crucial day after Indian rout
  • FILE PHOTO: Indian billionaire Gautam Adani speaks during an interview with Reuters at his office in the western Indian city of Ahmedabad April 2, 2014. Picture taken April 2, 2014. REUTERS/Amit Dave/File Photo
    India's Adani hits back at Hindenburg, insists made full disclosure
  • Getting gas to India will be even more costly than laying this pipe to China.Photographer: Andrey Rudakov/Bloomberg
    Russia can't replace the energy market Putin broke

Related News

  • China's Sichuan frees unmarried people to legally have children
  • Capital market can be funding source for private sector to enter power distribution
  • Transition to renewables a must to ensure energy security for Bangladesh
  • A subsidy war without winners
  • Bangladesh in better position than Sri Lanka, Pakistan to navigate forex crisis: UCB Asset Management

Features

Photo: Courtesy

The Hawkers: Where minimalism meets motifs

8h | Brands
TBS illustration

Where do Shariah-compliant mutual funds stand in Bangladesh

7h | Panorama
Sketch: TBS

A subsidy war without winners

7h | Panorama
Photo: Collected

Oppo Reno 8T first look revealed!

7h | Brands

More Videos from TBS

Youths at the invitation of TBS

Youths at the invitation of TBS

2h | TBS Graduates
Predicting next three years is tough- Kutubuddin Ahmed

Predicting next three years is tough- Kutubuddin Ahmed

3h | TBS Round Table
Pakistan plunges into economic mess

Pakistan plunges into economic mess

6h | TBS World
Shahrukh's 'Pathaan' has been making records ever since its release

Shahrukh's 'Pathaan' has been making records ever since its release

6h | TBS Entertainment

Most Read

1
Picture: Collected
Bangladesh

US Embassy condemns recent incidents of visa fraud

2
Illustration: TBS
Banking

16 banks at risk of capital shortfall if top 3 borrowers default

3
Bapex calls candidates for job test 9 years after advert!
Bangladesh

Bapex calls candidates for job test 9 years after advert!

4
Photo: Collected
Splash

Hansal Mehta responds as Twitter user calls him 'shameless' for making Faraaz

5
A frozen Beyond Burger plant-based patty. Photographer: AKIRA for Bloomberg Businessweek
Bloomberg Special

Fake meat was supposed to save the world. It became just another fad

6
Representational Image
Banking

Cash-strapped Islami, Al-Arafah and National turn to Sonali Bank for costly fund

EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2023
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net