China Imports y/y
Low | -0.5% | -6.2% |
0.0%
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Last release | Importance | Actual | Forecast |
Previous
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-3.7% |
-0.5%
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Next release | Actual | Forecast |
Previous
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China Imports y/y reflect a percentage change in the yuan value of goods purchased by residents from non-residents, imported from abroad. Economists use the indicator to evaluate the structure and intensity of trade flows.
The statistical data includes both raw materials and manufactured goods; gifts delivered free of charge; leasing commodities owned by tenant at the expiration of leasing period; goods for use by joint ventures; commodities trading in border areas (excluding mutual exchange goods) etc.
A nation importing more goods and services than it exports has a trade deficit. For countries with highly developed economies it means that labor-intensive production is transferred abroad, thus restraining inflation and maintaining high standard of living. A trade deficit in these cases is covered by other methods of economic interaction, for example by issuing debt instruments.
The impact of Chinese imports on yuan quotes is ambiguous and depends on the context of business cycles and other economic indicators, such as production dynamics. For example, in economy recession conditions, countries begin to export more in order to create jobs. Conversely, if the economy grows rapidly, developed countries prefer to develop imports in order to ensure price competition. This may influence yuan quotes accordingly. In general, a buyer in import transactions is forced to purchase foreign currency in order to pay for the goods, so the growth of imports may have a negative effect on yuan quotes.
Last values:
actual data
forecast
The chart of the entire available history of the "China Imports y/y" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.