Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
volume of foreign trade
Economy

China’s foreign trade volume reached 13.3%

12.04.2022
2 min read

The volume of foreign trade in China increased: analysis of experts

According to official statistics, the volume of foreign trade in China increased by 13.3% to 6.2 trillion yuan or about $973.5 billion for the current year. Compared with the previous period, imports increased by 12.9% and exports by 13.6%.
China has set a target for economic growth of 5.5% for 2022. According to experts, it was a rather optimistic forecast regarding the changing processes in the world market and the problems in the country itself. The experts plan to achieve such a result through the introduction of additional stimulus measures.
According to economists, this target looks less realistic because this year’s rise will be even more difficult than in 2021. The fact is that during this period there were new difficulties and limitations, in addition, the effects of the pandemic are still keenly felt.
Experts talk about the high probability that the Chinese government may further reduce the key interest rate. Authorities believe that inflation in the country is not as threatening as it is in the West. Analysts note that in order to achieve the targets, it is necessary to strengthen the support of the monetary policy.volume of China's foreign tradeChina also plans to expand its influence in new areas. The government is increasing investment in alternative energy in order to achieve its goals in environmental strategy. However, at the same time, the authorities want to increase the size of GDP.
At the same time, the consumer price index in the country increased by 0.9%, compared to the same period this value remained unchanged. The growth in recent months is due to an increase in demand for products for national holidays. At the same time, demand is not as high as was observed during the same period last year. Such dynamics are due to an increase in energy prices on the world market. According to the official statistics, the cost of food has increased by 1.4% compared to the previous months. Thus, inflation increased by 0.26 p.p. Prices for a group of industrial consumption goods increased by 0.8%, with the cost of gasoline rising by 6.2%. Diesel fuel showed an increase of 6.7%, and liquefied gas – by 1.3%.
The producer price index, which is responsible for the cost of materials for industry, increased by 8.8%. This value declined by more than 9%. The reason was due to higher rates for crude oil and base metals; they also contribute to consumer prices. The crude oil production index rose 13.5% and the base metals refining index rose 2%.

Tags: Economy
0
Previous Post Jewish American businessman: Leonid Blavatnik Next Post Global investors are increasingly focused on the Chinese market

You Might Also Like

tax penalty for small businesses
Economy
Taliban: the tax penalty in Afghanistan will be abolished
22.04.2022
government of India is developing the tourism
Economy
The government of India implements initiatives to develop the tourism sector
01.06.2022
Negotiations between the U.S. and China
Economy
US-China negotiations: expectations and concrete steps to resolve the situation
04.10.2020
China's economic recovery
Economy
How China’s economic recovery is going: a review of the processes
26.02.2021
Inflation in Ghana
Economy
Inflation in Ghana hits record highs
26.08.2022
Inflation in Switzerland
Economy
Inflation in Switzerland rises for the first time in 10 years
03.09.2022

Recent Posts

  • 1Mary Erdoes
    Mary Erdoes: the most powerful woman on Wall Street
    02.06.2023
  • 2Pilatus Aircraft
    Pilatus Aircraft: the history of the Swiss aircraft manufacturer
    01.06.2023
  • 3investment triangle to select a particular asset
    Investment triangle: how to choose the best asset for investment
    31.05.2023
  • 4Nissan and Renault
    Nissan and Renault invest $600 million in a joint venture
    30.05.2023
  • 5Noventiq
    Noventiq plans to float on the Nasdaq exchange
    29.05.2023

Popular Posts

  • Skolkovo analysts: the Russian energy market is suffering losses
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Social media

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Press Secretary
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Press Secretary
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Press Secretary
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Press Secretary
16.05.2020

Latest Posts

Mary Erdoes
Mary Erdoes: the most powerful woman on Wall Street
02.06.2023
Pilatus Aircraft
Pilatus Aircraft: the history of the Swiss aircraft manufacturer
01.06.2023
investment triangle to select a particular asset
Investment triangle: how to choose the best asset for investment
31.05.2023

Chaslau Koniukh

Expert Chaslau Koniukh

Chaslau Koniukh – an expert in marketing and project management, IT consulting, international investments, investor, financial analyst. A commodity trader, private consultant, entrepreneur, lecturer, author of several articles on the stock market.

Popular Posts

  • Skolkovo analysts: the Russian energy market is suffering losses
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Chaslau Koniukh on the analysts’ opinion on the key stake size change soon
  • Mark Mobius: history of investor´s professional life
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram
  • Biography

Chaslau Koniukh – an expert in marketing and project management, international investments, financial analyst.

Social media

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics