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China's exports unexpectedly fall

  • China's exports slipped 0.3% on year to $185.6B in September vs +7.2% in August and consensus for growth of 6%.
  • Imports grew 7.4% to $170.4B vs +7% and +7%.
  • The trade surplus declined 45% to $15.2B.
  • Although the drop in exports raises concerns about global demand and the staying power of China's recent economic recovery, analysts point out that the over-invoicing of exports may have inflated the numbers in September 2012.
  • Meanwhile, customs spokesman Zheng Yuesheng played down the fall as seasonal and said that it anyway shows that as per government policy, "China's economic development has transformed from being driven by external demand to domestic demand."
  • ETFs - Stocks: FXI, GXC, PGJ, YAO, FCHI, PEK, CAF, YXI, XPP, FXP, MCHI, YINN, YANG, TCHI, CHXF, KFYP, HAO, ECNS. Bonds: DSUM, CHLC. Currency: CNY, CYB, FXCH
Comments (5)
  • Kyle Spencer
    , contributor
    Comments (998) | Send Message
     
    Toldjaso.

     

    [[Sep 10 2012, 03:40]] "But as is so often the case with Things That Everybody Knows, the notion that China's current growth is due to its export sector is false. Despite the dizzying growth of China's export share, the actual contribution to GDP has barely risen over time...."

     

    "The Myth of China's Export Economy"
    http://bit.ly/WDJogZ

     

    ;-)
    13 Oct 2013, 01:40 AM Reply Like
  • keentolearn
    , contributor
    Comments (128) | Send Message
     
    Dragon finally started slowing down.
    13 Oct 2013, 04:17 AM Reply Like
  • Anon5311
    , contributor
    Comments (19) | Send Message
     
    Famous last words
    13 Oct 2013, 01:50 PM Reply Like
  • june1234
    , contributor
    Comments (2492) | Send Message
     
    I always enjoy these "unexpectedly" terms when any recovery numbers miss. Its like when weekly unemployment numbers "unexpectedly" miss just use the 4 week average if you can or vice versa till numbers don't miss, rookies
    13 Oct 2013, 08:59 AM Reply Like
  • caupachow
    , contributor
    Comments (330) | Send Message
     
    Rice consumption was up .08% month over month though.
    13 Oct 2013, 11:40 PM Reply Like
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