The Chinese foreign trade has slowed against the Background of the trade dispute between the United States and China at the end of last year. The measured in US dollars, exports declined in December compared to the same month last year to 4.4 percent, as the government in Beijing announced. Imports decreased even more strongly by 7.6 percent. In addition, the data for November were revised downwards. This was due also to the slowdown in the economy in addition to the customs dispute growth in China.
experts had initially expected for the end of the year, both for imports and exports are at least slight growth. Ex – and imports developed in December, however, as bad as the past two years.
The balance sheet for the year 2018 is more positive. Exports from China increased compared to the previous year by about ten percent, imports increased by about 16 percent. However, the export surplus is the lowest for five years, which can also be used as a weakness sign.
The weak development of foreign trade can be attributed both to internal as well as external factors. The slowdown of the world economy in the past few months to lower foreign demand for Chinese Goods. On the other hand, the weak imports by China are a result of the weakening domestic demand. However, the function of China as “factory of the world plays” a role in China wholesale a goods and raw materials from other countries, in order to process this further.
In the financial markets existing in the economy have been reinforced fears by the Numbers. In Asia, most stock markets have responded with losses. In the currency market, the Australian and new Zealand dollars declined, because Australia and new Zealand have close trade connections with China.
car sales go for the first time since the nineties, and back
in Addition, the profit will be impacted by weak Figures on car sales in China: According to the latest Figures, sales for the full year 2018 declined for the first Time in 28 years. In December, the sales numbers have been the sixth consecutive month of decline, so that sales in the total has fallen year by 2.8 percent to 28.1 million vehicles, reported the automobile Association of CAAM. As reasons, the Association introduced the higher tariffs in the trade war between China and the United States, as well as the elimination of tax advantages. Originally, the CAAM had been estimated for the world’s biggest car market-a Plus of three percent.
The weakness in demand was particularly true in the volume market, while the German car manufacturers dominated the premium market grew further. Among the Western manufacturers, the US car manufacturer Ford reported a decline of 37 percent. Also, Volkswagen had a slight decrease in sales. Daimler, BMW and Volkswagen subsidiary, Audi was able to sell more new cars.
In the case of the Chinese car manufacturers, the company reached Geely, a major shareholder in Daimler, an increase of 20 percent, however, after a rise of two thirds in the previous year. For 2019 expect the car maker, as well as the CAAM with Stagnation. Some predictions are up to two per cent growth. Analysts assume that the planned, but not yet specifically known economic support measures of the government could have influenced the auto market.