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China Exports Seen Improving In H2

CHINA PRESS
MNI (Singapore)

The decline in China’s export growth will gradually narrow in H2 with the arrival of peak season, as exporters rush to produce orders for Christmas and Halloween. Exports totaled CNY2.02 trillion in July, dropping 9.2% y/y, mainly due to the slowdown in overseas demand, price factors and the high comparison base over the same period last year, said Zhou Maohua, researcher at China Everbright Bank. Though the export of consumer electronics continued to decline on weak demand, one bright spot is that the proportion of exports in automobiles and new energy-related products has continued to rise. (Source: 21st Century Business Herald)

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