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<\/a><\/p>\nWelding at a Sinotruk plant in Jinan; China\u2019s exports grew in June, reversing May\u2019s decline, but\u00a0continued to suffer from poor demand. Photo: Guo Xulei\/Xinhua\/Zuma Press<\/p>\n
By\u00a0Mark Magnier<\/p>\n
Updated July 13, 2015 5:05 a.m. ET<\/p>\n
BEIJING\u2014Chinese exports were stronger last month but continued to struggle with\u00a0weak demand from the U.S. and Europe.<\/p>\n
Exports in June were up 2.8% in dollar terms from a year earlier, data from the General\u00a0Administration of Customs showed Monday. This exceeded the median 0.5% forecast\u00a0of 14 economists surveyed by The Wall Street Journal, and marked a reversal from the\u00a02.5% decline seen in May.<\/p>\n
Imports in June were down 6.1% from a year earlier, well short of the expected decline\u00a0of 16% and of May\u2019s 17.6% decline. The result was a greater-than-expect narrowing of\u00a0the nation\u2019s trade surplus, to $46.5 billion from $59.49 billion in May. Economists had\u00a0forecast $55.3 billion.<\/p>\n
\u201cOverall, the economy is still weak,\u201d said Huatai Securities economist Lu Ting. \u201cI don\u2019t\u00a0see a clear rebound.\u201d<\/p>\n
Exports continue to suffer from sluggish external demand even as import demand\u00a0continued to be squeezed by factory overproduction in China, Huang Songping, a\u00a0spokesman for the customs agency, said Monday. Mr. Huang said exports should grow\u00a0faster in the second half than in the first half, while imports are projected to decline less\u00a0sharply for the remainder of the year. Still, the outlook remains challenging.<\/p>\n
\u201cChina will face big pressure on trade in the next two to three months,\u201d he said.<\/p>\n
The export figures come as the world\u2019s second-largest economy faces headwinds\u00a0despite efforts to push it in late June with cuts in interest rates and required bank\u00a0reserves.<\/p>\n
Domestic demand, manufacturing and real-estate investment remain weak, profit\u00a0growth at major industrial companies has slowed and auto sales are struggling. And\u00a0while stocks have clawed some of their losses in recent trading sessions, the benchmark\u00a0Shanghai Composite declined by some 30% in recent weeks, jolting confidence. Shares\u00a0were up Monday in morning trading.<\/p>\n
Last month, the Commerce Ministry said it was making \u201cevery effort\u201d to boost foreign\u00a0trade by working with other ministries to reduce charges and fees in order to cut costs\u00a0for exporters.<\/p>\n
\u201cOur foreign-trade situation is quite grim,\u201d Ministry of Commerce spokesman Shen\u00a0Danyang told a news briefing in mid-June, according to the official Xinhua News\u00a0Agency, citing declining competitiveness among Chinese exporters and exchange-rate\u00a0shifts that make Chinese goods more expensive than goods priced in some other\u00a0currencies.<\/p>\n
Daniel Wang, general manager of a six-year-old pharmaceuticals trading company\u00a0based in Shanghai that exports to Africa and the Middle East, said he\u2019s not very\u00a0optimistic about the future given increasingly fierce competition among Chinese\u00a0exporters. \u201cEverything is getting more expensive here. And some big state-owned\u00a0companies continue to exert a monopoly over the drug industry,\u201d he said.<\/p>\n
A tax-refund program designed to help exporters is too complicated, Mr. Wang added.\u00a0\u201cI don\u2019t expect the government to help out much,\u201d he said.<\/p>\n
The combination of weak exports and even weaker imports this year continues widen\u00a0China\u2019s trade surplus. \u201cChina is \u2018unbalancing,\u2019 again,\u201d said a research note from ING,\u00a0which forecasts a trade surplus this year of $700 billion, up from $383 billion last year.<\/p>\n
China has set a 6% trade-growth target for 2015, which it looks likely to miss. Its\u00a0foreign trade in the first half was off 6.9% from a year earlier, as exports edged up 0.9%\u00a0and imports fell 15.5%, official data showed Monday.<\/p>\n
\u2014Grace Zhu, Rose Yu and Lilian Lin contributed to this article.<\/p>\n","protected":false},"excerpt":{"rendered":"
WALL STREET JOURNAL China Exports Grow, but Remain Weak Exports slip, but less than expected, leaving trade surplus narrower\u00a0than forecast Welding at a Sinotruk plant in Jinan; China\u2019s exports grew in June, reversing May\u2019s decline, but\u00a0continued to suffer from poor demand. Photo: Guo Xulei\/Xinhua\/Zuma Press By\u00a0Mark Magnier Updated July 13, 2015 5:05 a.m. ET BEIJING\u2014Chinese […]<\/p>\n","protected":false},"author":1,"featured_media":161,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_editorskit_title_hidden":false,"_editorskit_reading_time":2,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[5,6,15],"tags":[],"_links":{"self":[{"href":"https:\/\/ceasiaufpe.com.br\/index.php?rest_route=\/wp\/v2\/posts\/160"}],"collection":[{"href":"https:\/\/ceasiaufpe.com.br\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ceasiaufpe.com.br\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ceasiaufpe.com.br\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ceasiaufpe.com.br\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=160"}],"version-history":[{"count":2,"href":"https:\/\/ceasiaufpe.com.br\/index.php?rest_route=\/wp\/v2\/posts\/160\/revisions"}],"predecessor-version":[{"id":4300,"href":"https:\/\/ceasiaufpe.com.br\/index.php?rest_route=\/wp\/v2\/posts\/160\/revisions\/4300"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ceasiaufpe.com.br\/index.php?rest_route=\/wp\/v2\/media\/161"}],"wp:attachment":[{"href":"https:\/\/ceasiaufpe.com.br\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ceasiaufpe.com.br\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ceasiaufpe.com.br\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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