China reports current account deficit in Jan.-Sept. period -- China's deficit in the current account stood at 12.8 billion in U.S. dollar terms in the January-September period, data showed. That was down from 28.3 billion dollars in the first half of the year, the State Administration of Foreign Exchange (SAFE) said Monday in an online statement.
Guangdong reports value growth in private economy-- South China's Guangdong Province saw the added value of the private sector increase by 7.1 percent year on year in the first three quarters, reaching 3.78 trillion yuan (548 billion U.S. dollars). Chen Liangxian, deputy governor, said in a provincial meeting on the private economy on November 4 that Guangdong's foreign trade in private sector rose 13 percent year on year to 2.52 trillion yuan during the period, ranking first among China's provincial-level economies.
China's imports surge 26.3 pct, exports rise 20.1 pct in Oct. -- China's imports surged 26.3 percent year on year in October, while exports rose 20.1 percent, with the pace of growth both beating expectations, data showed on November 8. The increases also accelerated from the 17.4-percent growth for imports seen in September and a rise of 17 percent for exports. Trade surplus stood at 233.63 billion yuan (about 33.76 billion U.S. dollars) last month, expanding from 213.23 billion yuan in September, according to data released by the General Administration of Customs (GAC).
China's forex reserves edge down in October -- China's foreign exchange reserves stood at 3.053 trillion U.S. dollars in October, down 33.9 billion U.S. dollars from a month earlier, according to data from the People's Bank of China on November 7. This October saw more fluctuations in the global financial market, an increase of more than 2 percent in the U.S. dollar index and changes in major countries' asset prices, Wang said.
China's service imports to exceed 2.5 trln USD in next 5 yrs -- China's cumulative services imports are expected to exceed 2.5 trillion U.S. dollars in the next five years, a Ministry of Commerce (MOC) report showed on November 6. The country's service imports will account for more than 10 percent of global service imports, contributing over 20 percent to total global growth in the next five years, according to the Report on China Services Import released at the ongoing China International Import Expo (CIIE) in Shanghai.
China spends 28.74 bln USD on intellectual property import in 2017-- China spent 28.74 billion U.S. dollars on imports of charges for the use of intellectual property last year, official data showed on November 6. The figure was up nearly 14 folds from 2001 when the country joined the World Trade Organization, said the Report on China's Services Import released by Ministry of Commerce.
China's travel service imports to exceed 1.4 trln dollars in next 5 yrs: report-- China's outbound travel market will become an important driver for global growth, with imports of travel services expected to reach over 1.4 trillion U.S. dollars in the next five years, according to a Ministry of Commerce report released on November 6. Chinese tourists are expected to make 700 million outbound trips in the next five years as the country's consumer power grows, said the Report on China Services Import, released at the ongoing China International Import Expo (CIIE) in Shanghai.
Taiwan's manufacturing expands at slowest pace in over 2 years -- Taiwan's purchasing managers' index (PMI) for the manufacturing sector dropped from 53.9 in September to 51.8 in October, the slowest expansion pace since May 2016, a Taipei-based think tank said on November 5. A PMI above 50 indicates expansion, while below reflects contraction. The service sector PMI dropped 0.9 points to 49.9 in October, the first time it has been below the boom-bust line since March 2017, according to the Chung-Hua Institution for Economic Research (CIER).
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