The latest numbers from China would indicate that there is less to worry about than assumed. Exports and imports both jumped in July and are back on track towards providing the Chinese a better growth outlook for the year.
The export expansion took China from a decline of 3.1% in June to an expansion of 5.1% in the month of July. The import numbers were equally encouraging, as Chinese imports increased 10.9% year-over-year. That contrasts 0.7% decline the previous month. Imports are also the kind of commodities and items that feed further expansion of the industrial sector.
This is not to say that all of China’s issues are in the past, but there is now less fear that the country was heading for a meltdown that would drag many other regional states down with them. The import news is very good for the nations that rely on what had once been an insatiable market for their goods.
-Armada Corporate Intelligence