China exports growth in August hits a 6-month low, missing expectations

China’s export growth lost acceleration of the front loading activities of enterprises, which aims to avoid higher US tariffs, while imports have grown less than expected as the domestic demand remained weak.

Exports increased by 4.4% in terms of US dollars in August compared to the previous year, Customs data were shown on MondayReuters’ origin -based economists missed predictions of an increase of 5.0%, while marking the lowest level since February.

This growth slowed down from two months before reflecting the statistical effect of a high base last year, when China’s exports grew at the fastest speed in about one and a half years.

Imports increased by 1.3% compared to a year ago last month, lost reuters is a growth forecast of 3%. The import rose for a third month after returning to growth in June, but it still became silent due to its permanent real estate collapse and increasing work insecurity.

Since the trade policy of US President Donald Trump presses the US shipments to the US, China is more trustworthy in alternative markets, especially to Southeast Asian and European Union nations, Africa and Latin America.

However, he did not approach the US as the largest trade partner in China on a single country basis. $ 283 Billion Chinese goods As of August this year. Exports to the EU was 541 billion dollars in the same period.

On August 11, Beijing and Washington agreed to extend the tariff ceasefire 90 days, and in US imports, approximately 55% of tariffs and 30% of Chinese tasks on US goods. Peterson International Economist Institute.

However, bilateral talks seem to be struggling with a visit to Washington late in late August by making little progress by Li Chenggang, the best Chinese commercial negotiator.

Chinese exporters also relied on directing shipments to third countries to eliminate US tariffs-this is faced with the tightening test called “transfers”, which analysts warned that they could focus on Chinese exports in the coming months.

In July, the United States announced a 40% tariff in the posts that Washington was “transferred”.

An export -oriented special questionnaire RatingDog Purchasing Managers Index showed that China’s production activity has sharply met expectations in August and that a recovery in new export orders increased and showed flexible external demand.

China will publish two closely monitored inflation indicators this week, including consumer price index and manufacturer price index.

Goldman Sachs expects PPI inflation to remain “deeply negative”, falls 2.9% annually, and a monthly month reading Beijing’s excessive price cut and up flow flows are positive behind “anti-faalties” policies aiming to reduce the recent increases in raw material prices.

The Wall Street Bank estimates that CPI inflation will be “moderately negative” and decreases 0.2% compared to last month.