China’s exports, which is the largest trading power in the world, increased by 18.7% in March compared to the same month last year to 1.05 billion yuan, about € 140 billion reveal official data.
in the same period, imports of “giant” Asia fell 1.7% to 855,500 million yuan (€ 116 billion).
the country’s trade surplus grew to 194,600 million yuan (26.4 billion euros, 13 times the amount recorded in the same month last year.
Other known data relate, with electricity consumption, which increased 5.6% in March compared to the same month of 2015, a positive sign for the economy, a few days of being announced growth data for the first quarter, which will take place on Friday -feira.
the statistics published today by the National Commission of Development and Reform, detail even in the first three months of the year electricity consumption in the “giant” Asia grew by 3.2%. This is an increase driven mainly by the services sector and the household consumption.
The World Bank said it expects China’s economy slow down the pace of growth this year to 6.7% and more in 2017 (6.5%). This should lead to the slowdown of the economies of East Asian countries to 6.3% this year and 6.2% in the next two years.
The Chinese Government provides “complications” in tax reform that will start to apply from May. Still, renewed confidence that the cut of 500,000 yuan in taxes, something like 77,400 million euros, will strengthen the economy.
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