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Follow on Google News | Tradeline Financials - Chinese Economic Update - Week 37, 2014Tradeline Financials is an independent, diversified financial services firm catering to all types of investors.
By: Tradeline Financials PR Tradeline Financials - Chinese Economic Update - Week 37, 2014 Markets in China saw moderate gains earlier today after a range of economic indicators were released this week. Exports for August rose by 9.4% on the previous year seeing substantial growth which surprised the markets. It was its biggest gain in recent months and implies that global demand for Chinese products has started to regain momentum. Imports on the other hand saw a significant drop over the previous year. Down 2.4% on 2013 the results had a dramatic effect on the trade deficit which rose to $49bn. Consumer Inflation was up 2% being well below the government target of 3.5% and at a 4mth low. The key factor seen here was the reduction in pork prices for the period. The huge pork industry saw prices drop by 3.1% yet at the same time fresh fruit increased by 21.2%. The disparity in prices is expected to level out over the course of the next few months and a predicted shortage in pork is forecast which will no doubt have an effect on next month's data. July's CPI was 2.3%. The Chinese government is working hard to keep its economy expanding and its target of 7.5% growth is possible to achieve for 2014. With the stimulus programs looking to improve infrastructure and monetary policies that have already started to take an effect many believe that they have taken appropriate steps to protect the economy from falling further behind. Asian Indices as of 11th September 2014: Hang Seng - 24,649.31 -0.23% SSE Comp - 2,311.68 -0.29% Nikkei - 15,909.20 +0.76% For more information on the services provided by Tradeline Financials advisors please visit our website at www.tradeline- DISCLAIMER The views, opinions, findings, and conclusions or recommendations expressed on this service are those of the author(s) and do not necessarily reflect the views of the Tradeline Financials. All market data within this release is for your general information and enjoys indicative status only. Tradeline Financials does not accept any responsibility for its accuracy or for any use to which it may be put. All share prices and market indexes delayed at least 15 minutes. 52 week high and low values are calculated from close price data. End
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