CHINA SPENDS AWAY EXPORT WOES
Tina Wang
Forbes, June 11, 2009
HONG KONG--There appears to be no end in sight for China's exports slump, as exports data continue to be worse than expected. But China's capital spending boom, on the back of the country's stimulus package and record lending, is hastening the country's dependence for growth on aggressive policy measures and domestic demand. But observers don't expect the spending to be sustainable.
Exports in May plunged 26.4% from the same time last year, marking the seventh straight month of drops, and worse than April's 22.6% fall. That figure fell short of the market consensus forecast of a 23.1% drop.
Imports declined 25.2% in May, compared with a year earlier, and down from April's 23.0% drop, according to figures from the General Administration of Customs on Thursday. The country posted a trade surplus of $13.39 billion, with $88.76 billion in exports and $75.37 billion in imports.
Some analysts have warned that China risks a stalled recovery if Western demand does not rebound next year, unless there are further stimulus measures.
Forbes, June 11, 2009
HONG KONG--There appears to be no end in sight for China's exports slump, as exports data continue to be worse than expected. But China's capital spending boom, on the back of the country's stimulus package and record lending, is hastening the country's dependence for growth on aggressive policy measures and domestic demand. But observers don't expect the spending to be sustainable.
Exports in May plunged 26.4% from the same time last year, marking the seventh straight month of drops, and worse than April's 22.6% fall. That figure fell short of the market consensus forecast of a 23.1% drop.
Imports declined 25.2% in May, compared with a year earlier, and down from April's 23.0% drop, according to figures from the General Administration of Customs on Thursday. The country posted a trade surplus of $13.39 billion, with $88.76 billion in exports and $75.37 billion in imports.
Some analysts have warned that China risks a stalled recovery if Western demand does not rebound next year, unless there are further stimulus measures.
(...) [artículo aquí]
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