HomeEconomyChina's October exports seen to cool further as global demand weakens: Reuters... Economy China's October exports seen to cool further as global demand weakens: Reuters poll By inew November 4, 2022 0 96 views Share FacebookTwitterPinterestWhatsApp GS -0.% added to watch List/Remove from Watchlist Add to watch list Add Location Job added successfully: Please name your portfolio type: purchase Sell date: quantity: price point value: Leverage: 1:1 1: 1: 101: 1: 19 1: 19 1: 741: 50 1: 52 Committee: 400 CREATE NEW WATCH LIST CREATE2023 Create a new Holding Portfolio Add Create 20232022 + Add another position to close 2023 BARC -0. % Add to watchlist/ Remove from watch list to add a supervisor View List Add Location Job added successfully: Please name your portfolio type: purchase Sell date: quantity: price Point value: Leverage: 1:1 1: 1: 1: 1: 39 BEIJING (Reuters) – China’s export growth is likely to slump as global demand continues to soften, a survey showed on Friday. 1 It cooled further in October, while imports remained subdued amid weak domestic growth. according to , exports likely rose 4.3 percent last month from a year earlier, the economists said, slowing from 5.7 percent in September. That would be the slowest growth since Shanghai’s COVID-19 lockdown hit the world’s second-largest economy in April. “The prospect of tepid global supply chain exports to China,” ANZ chief China Economist Raymond Yeung said. “Demand for electronic components is likely to remain subdued into next year as the U.S. and European economies slow,” he added. trade data will be released on Monday. China’s export growth in the first half of the year exceeded expectations 52 – and is one of the few in its troubled economy One bright spot – but rising global interest rates, soaring inflation and economic disruptions Russia’s war with Ukraine combined to dampen global demand. Official survey shows factory activity unexpectedly contracted in October amid lower export orders and stricter Covid-19 outbreak – curbside. Despite further weakening of the yuan, orders are still falling, making Chinese goods more competitive heading into the crucial year-end shopping season. [CNY/] High-frequency data showed a further slowdown in the fourth quarter, with a 9% drop in container throughput at major ports in the first quarter Days of October, 100100 Barclays Bank (London: 282 BARC) economists said in a report. “In addition to slowing global demand amid a possible global recession, we have noticed export orders that typically go to China are being transferred to other emerging market economies.” Combined with last year’s high base, Barclays predicts that China’s exports will be in may drop by 2-5%. Meanwhile, imports are expected to remain very weak as the coronavirus spreads – containment measures affect domestic consumption. polls show that imports are expected to increase by just 0.1% year-on-year, compared with a 0.3% increase in September. Goldman Sachs (NYSE: GS) Analysts said the drop in oil prices also Will drag down overall import growth. South Korea’s exports, the leading indicator of China’s imports, had the largest decline ten month. Exports to China, the largest market, fell .7%. Weak trade forecasts imply that China’s trade surplus will widen to USD . 19 Billion from .11 September’s Billion Dollars. Novel Coronavirus in China – cases hit their highest level in two-and-a-half months on Thursday, as the containment of the outbreak continued to reverberate. Goldman Sachs said cities with high or medium risk areas accounted for about as a percentage of national GDP as of Friday. 52 (Poll compiled by Anant Chandak; Reporting by Ellen Zhang and Ryan Woo; Editing by Kim Coghill) Share FacebookTwitterPinterestWhatsApp Previous articlestep 3 https://real-money-casino.ca/wild-7-slot-online-review/ Reels PortsNext articleDogecoin Crosses A 200-Day Moving Average Since June 2021 inewhttps://inew.news RELATED ARTICLES Economy Wall Street ends with jobs data, debt default averted June 4, 2023 Economy ECB's Visco says lower energy prices should help curb inflation June 4, 2023 Economy Biden signs debt limit bill, averts U.S. default June 3, 2023 LEAVE A REPLY Cancel reply Comment: Please enter your comment! Name:* Please enter your name here Email:* You have entered an incorrect email address! Please enter your email address here Website: Save my name, email, and website in this browser for the next time I comment. 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