Tuesday, November 16, 2010

Spring Festival of factors led to ugly foreign trade data

 Import and export of Chinese New Year in January increased deterioration of the shift rate, the trade surplus continued to maintain historically high levels. January by a significant decline in imports and exports 43.1% and 17.5% (in December were down 21.3% year on year and 2.8%). Exports continued to deteriorate,UGG boots cheap, in addition to reflecting the China's major export market recession deepens, the weak external demand, the day brought not less important factors than the factors (the Spring Festival in January this year,Discount UGG boots, working days led to significantly reduced to 17 days, compared to 22 days). affected by commodity prices downturn of domestic demand declined and imports continued to deteriorate, decline was more than exports, making the trade surplus reached 39.1 billion U.S. dollars,UGG boots clearance, continue to maintain historically high levels (an increase of 102%), while the surplus makes the high depreciation of the RMB does not have the basic conditions. < br> to eliminate the factors are not comparable days compared two ways: 1) calculated by the number of average daily trading day: January exports rose 6.8%, the chain increased by 10.1% rebound, but difficult to sustain, the main source the recent rise in inventories in the United States to a temporary increase in import demand (in January year on year and the average daily exports to the U.S. increased by 16.8% qoq and 22.0%), with the global financial crisis continued to spread to the U.S. real economy, leading to further economic weakness and appears to the stocks, and its import demand will sharply; while imports fell 26.4%, a decline of 3.8%, indicating affected by sluggish domestic demand,UGG bailey button, driven enterprises VAT not materially increase in import demand, imports increased deterioration. 2) more reasonable approach is to January-February trade data comparing the sum with the same period last year, this should be achieved until mid-March. 

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