Tuesday, October 14, 2014
Chinese Exportation Situation Got Better in September, but Risks Still Exist
ANBOUND
According to data of General Administration of Customs, the total import and export value of China in September is $396.4 billion, growing by 11.3%. The trade surplus in this month is $31 billion, increasing by 1.1 times. ANBOUND think tank scholars hold that it is delightful to see foreign trade increasing, but with the global economy going weak again, the risk of economic slowdown is increasing in Europe, which is the first trading partner of China, and especially so for Euro Zone. Recently, organizations including IMF and World Bank also lowered their economic growth forecast in 2014 and warned of the risks of Euro Zone and Japanese economy specially. This suggests that the exportation of China is still facing big risks.