Posted on 10 January 2013 with no comments from readers
China’s exports rose 14.1 per cent in December from a year earlier while imports increased 6 percent, leaving a trade surplus of $31.6 billion, the customs administration said today in Beijing.
Bloomberg TV reports.
China is fast emerging as the world leader in trade and has the prime capacity of reckoning with the US in becoming the biggest economy in the world. What is slumbering its growth a little bit is the changing political and demographical relationship with the trading partners or partner countries. The exports are symbols of the country’s economic growth, regulatory stability and foreign relationships with the leaders and the followers. A scratch in any of these leads to a drastic change in the number of imports and the subsequent revenue along with funding for internal development.
For example, consider the foreign policies on border sharing, cross-border firing and military operations with one of the neighbors of China which is also a growing economic power. Ever since the end of British colonialism and World Wars, the two countries have had many on and offs in their international relations, with even a widespread war in the 1970s.
The country is probably one of the largest markets of Chinese goods with a separate sector for goods made in China. Chinese products carved a niche for themselves because of their extraordinary cheap prices and ensemble of many desired featured into a single item at affordable rates. A made in China smartphone very frequently created record takers in the online retail sales also mimicked the market impact of Bitcoin Loophole in the gadget freaks.
Continued military actions along the controversial border ranges of the two countries and the difference in opinion on giving support to certain refugees had smoked fire into the steaming bilateral ties between them. The differences grew so strong that there was a mass movement to boycott Chinese goods and there was a sudden decline in the export market of China. The mutual talks between the political officials and military heads of the two countries led to the dissolution of tension to a great extent with a temporary agreement on the border issues and non-involvement in each other’s diplomatic decisions. The import-export market has ever since seen a revival. Chinese exports often see preferences and downgrading with each international event and making up the major source of country’s income throughout in spite of it.
However, in May last year exports were up 16 per cent only to drop to a 2.9 per cent increase in November, so this is an erratic data series. One swallow does not a summer make though of course global stock markets loved this…