China’s exports and imports see fresh declines in May
However, China’s May exports declined at a slower pace compared with economists’ estimates, which called for a decrease of 5% in May, according to a survey by Reuters. The same survey forecasted imports to decline by around 10.7%.
Analysts commented that China’s economic growth should begin to stabilize within the next few months, with additional stimulus measures being a possibility as the government seeks ways to support growth.
The government expects total trade to grow 6% this year. In 2014, China’s trade rose 3.4%, falling below the government’s growth target of 7.5%.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- Rising energy and feedstock prices prompt further gains in Asia PET markets
- Upward trend gains momentum in China's import PP, PE markets
- Egypt’s import PVC market in short supply; local prices gear up
- December hints at further hikes in Europe’s PS, ABS markets
- Global polymer markets face soaring freights amid pent-up demand
- RCEP to boost Asia-Pacific polymer trade; will global PP, PE trade flows change?
- PVC sellers’ India pricing strategy may differ from other Asian markets
- More US PE offers find way to China, SE Asia; yet allocations still limited
- European PVC market hits 2-year high on tightness
- Supply constraints send key ABS markets to new highs