Export and Import Sees Slight Growth for the Month for April
The export and imports have increased slightly thus beating the market forecasts and offering positive signals in the second largest economy in the world after a weak start in 2014. Exports has seen an increase of 0.9 percent in the month of April after following a 6.6 percent fall in March and from an 18 percent growth in February
Imports saw an increase of 0.8 percent compared to a year ago after an 11.3 percent fall in March producing a surplus of US$ 18 billion double that the US$ 7 billion surplus in March. The outside demand side is not a big problem for China since there is a genuine recovery seen that will offer support ti the growth of the country. Private and official surveys pointed out signs on initial stabilization after the government released a series of measures that will help bolster growth even when export orders are at a weak point.
Official and private factory surveys for April have pointed to initial signs of stabilization after the government unveiled targeted measures to bolster growth, although export orders were a weak point. Just last week to shore up trading, China took steps such as encouraging high tech equipment, quicker tax rebates for exporters and consumer good s imports.
Furthermore the Ministry of Commerce stated that the trade sector will gain momentum after May as the data will be more accurately reflect actual activity after the crackdown on fake trade receipts. The data for April shown export growth was driven by demand from other developing economies especially from the European Union and the United States as numbers from emerging economies still remain soft.
A target of 7.5 percent in growth for exports and imports for this year and china has already missed their growth target of 8 percent in 2013 and 10 percent in 2012 along with some analysts thinking that the target this year will be also tough to reach.