Recent Polls Show Broader Slowdown of Export and Import Growth
The export and import growth will likely to slow down in January as a recent poll have shown that the growth has underlined a broader slowdown in the world second biggest economy and the lunar new year holiday will like affect the momentum.
The weakness in the imports might be bad news for the rest of the world, especially for major commodities exporters, furthermore HSBC is estimating that the country will be overtaking the US in becoming the world biggest importer for 2014. Economist are seeing a soft slowdown of the economy for this year as the country’s policy makers are finding ways to embrace the slower but a better quality of growth that cut reliance on investment and pursue a sustainable development.
Based on the stable economic growth in 2013 have increased expectations in pushing forward reform and economic growth has been facing increasing pressure for short term investments. Also fears of a sharper and expected loss of momentum in China are believed to be one of the contributing factors in the fierce global financial market. Furthermore the median forecast of several economists say that export growth will slipped by 2 percent year on year down to 4 percent in December as for import growth is at 3 percent from 8 percent during the same period.