Beijing - China’s overseas
shipments rebounded in January with exports to the US rising, just as
it braces for potential trade frictions under Donald Trump’s presidency.
Exports rose 7.9% from a year earlier in dollar terms
Imports increased 16.7%
Trade surplus was $51.4bn.
Exports gained 15.9% in local-currency terms
Trump - who has accused China of unfair trade practices - is
assembling a cabinet that includes critics of the world’s largest
exporter. Its shipments to the US rose 9% from a year ago in
Policy makers are
surveying Chinese companies this month to evaluate the potential impact
should the US label the nation a currency manipulator and imposes
punitive tariffs, according to people familiar with the issue. Rising
demand from Asia and Europe may help counter risk from the US.
“The exports outlook for China is good, except for the potential risk
of a Sino-US trade war,” said
Shen Jianguang, chief Asia economist at Mizuho Securities Asia in
Hong Kong. The strong performance in January “is related to the global
pick-up in growth in the US, Europe and also emerging economies.
Imports are strong, which is understandable, as Chinese government
stimulus has boosted domestic demand.”
"The earlier arrival of Lunar New Year this year by almost a week
seems to have encouraged more activity concentrating in January," said
Raymond Yeung, chief greater China economist at Australia & New
Zealand Banking in Hong Kong.
Exports to Japan rose 9.8%, 5.8% to the European Union
Imports from US rose 27.3%.
Imports of coal, crude oil rising.
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