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etvfutures.com December 16, 2017


China's Sept imports from N.Korea down 37.9% as United Nations sanctions bite

13 October 2017, 02:09 | Cesar Cruz

MARKET BUZZ: China Markets Higher After Trade Data

Workers operate machinery on the assembly line at a Lyric Robert factory operated by Guangdong Li Yuanheng Intelligent Automation Co. in Huizhou Guangdong province China on Monday

Imports for the first three quarters were 3.44 million tonnes, down 9.4 percent on the same period past year, customs said.

The September trade surplus reached $28.5 billion, compared to $47 billion in August. Imports rose 18.7 percent to $169.8 billion, an improvement from the previous month's 13.3 percent. The rise beat the poll's forecast for a 15% gain.

In renminbi terms, exports advanced 9% and imports grew 19.5% in September.

In addition to pointing to still robust demand, some of the surge in September imports may be due to companies "front loading" supplies ahead of a week-long national holiday in early October, analysts said.

Volume Moving the Tape For Cooper Tire & Rubber Company (CTB)
The price-to-earnings ratio (P/E) is a valuation method used to compare a company's current share price to its per-share earnings. The Company's divisions include Commercial Trailer Products; Diversified Products, and Corporate and Eliminations segment.


"Nonetheless, today's figures suggest that not only has strong foreign demand continued to prop up manufacturing activity in China but domestic demand remains resilient, too", Evans-Pritchard said. The trade surplus was the lowest in six months.

It was the latest positive economic news for China after the International Monetary Fund's released a report this week raising the country's growth forecasts for 2017 and 2018 to 6.8 percent and 6.5 percent, respectively. The surplus grew to $28.08 billion from $26.23 billion in August.

Commerce Secretary Wilbur Ross recently pressed China on the "need to rebalance bilateral trade and investment relations" and urged it to take "meaningful action" on trade issues.

China's imports from North Korea fell for a seventh straight month in September, dropping 37.9% year-on-year as Beijing implemented the latest United Nations trade sanctions aimed at persuading Pyongyang to rein in its nuclear and missile programmes. USA officials have resumed criticizing Chinese policy after President Donald Trump said in April he would temporarily shelve disputes while Washington and Beijing cooperated on North Korea.



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