China Exports Rise at Strongest Pace in Eight Months: Customs

A rag-and-bone man rides towards a hutong alley decorated with Chinese national flags during the ongoing 19th National Congress of the Communist Party of China in Beijing

Shipments into the world's top coal importer reached 22.05 million tonnes in November, up 3.6 percent from October, but down from 26.97 million tonnes a year ago, data from the General Administration of Customs showed on Friday.

Unwrought copper imports for the first 11 months of 2017 were still down 5 percent on a year earlier at 4.24 million tonnes, customs said.

"While we still expect China's domestic economy to cool in 2018 on gradually tighter financial policies, the November import data shows that there are upside risks to our China outlook", said Louis Kuijs, head of Asia Economics at Oxford Economics in Hong Kong.

The number beat analysts' forecast of a 5.0 percent increase and compared with 6.9 percent growth in October. According to calculations from Reuters, that was the second-highest monthly total on record.

Demand for Chinese products has proven robust as growth in major trade partners remains intact, and imports are stabilising as the economy has outperformed this year.

China's iron ore imports rose in November, though steel mills are cutting output as part of a government drive against pollution.

Exports stood at 380,000 tonnes, up 8.6 percent from 350,000 tonnes in October and flat on a year earlier.

Chinese copper smelters such as Tongling Nonferrous Metals Group cut back production last month to comply with environmental protection measures.

While exports are contributing to China's economic growth once again, global investors have been more focused on its strong appetite for industrial commodities such as iron ore and coal, which is boosting resources prices worldwide.

Related News:

  • Breaking Down the Chart for OSI Systems, Inc. (OSIS)

    In taking a look at some other notable technicals, OSI Systems, Inc . ( OSIS ) stake by 11.41% reported in 2017Q2 SEC filing. Over the last 12 months, OSIS's free cash flow per share is a positive 0, while that of VHI is positive 5.84.

    (UNP) Holdings Reduced by Bank of Hawaii

    Gfs Advisors Llc increased its stake in Cvs Health Corp (CVS) by 9.61% based on its latest 2017Q2 regulatory filing with the SEC. The railroad operator reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.01.
    Indian Drone Violated Chinese Airspace Due to Technical Problem

    Indian Drone Violated Chinese Airspace Due to Technical Problem

    In Beijing , both the defence and foreign ministries said the Indian UAV had crashed into the Chinese side of the border recently. Zhang said his country would defend its national sovereignty against such intrusions.
  • EPS for CarMax Inc. (KMX) Expected At $0.81

    The funds in our partner's database now possess: 7.87 million shares, up from 7.73 million shares in 2017Q1. Prescott Grp Inc Capital Management Limited Liability owns 20,000 shares or 0.26% of their USA portfolio.
    US House Democrat: Prince Must Reveal More Details to Intelligence Committee

    US House Democrat: Prince Must Reveal More Details to Intelligence Committee

    Prince said he hadn't delved too deeply into who Dmitriev was in the moments before he met him at a bar in Seychelles. He also said that Dmitriev discussed how much his country wished to resume normal trade relations with the US.
    PM Narendra Modi to visit Jerusalem, says Palestine envoy

    PM Narendra Modi to visit Jerusalem, says Palestine envoy

    The government though avoided a direct criticism of the United States president's announcement. PM Modi had skipped Palestine during his visit to Israel in July.
  • Electronic Arts Inc. (EA) Holdings Lowered by 361 Capital LLC

    Five research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company's stock. Vetr upgraded it to "Buy" rating and $26.28 target in Wednesday, August 26 report. (NASDAQ:FB) rating on Thursday, November 5.
    Check Rohingya influx, Rajnath Singh tells border states

    Check Rohingya influx, Rajnath Singh tells border states

    In 406km, where erecting a fence is not possible, we will put up non-physical barriers, such as cameras, lasers and radars. I have appealed to all the states to be vigilant on this issue. "All the states have assured cooperation", he said.
    Palestinians say they won't meet with Pence

    Palestinians say they won't meet with Pence

    Rajoub also signalled that Abbas would not meet with Pence during his planned visit later this month. Protests have kicked off throughout Israel , specifically in the West Bank, Gaza and Jerusalem.
  • Stabbing at Tokyo shrine leaves 3 people dead

    Stabbing at Tokyo shrine leaves 3 people dead

    At a spot about 100 meters away from the auto , she slashed his right shoulder, leaving him with a non-life-threatening injury. Police officers walk near the scene of a stabbing incident at Tomioka Hachimangu shrine in Tokyo Friday, Dec. 8, 2017.
    PUBG for Xbox Was Treated Like a First-Party Title at Microsoft

    PUBG for Xbox Was Treated Like a First-Party Title at Microsoft

    Player Unknown Battlegrounds has had a hell of a year, one that will go down in history in the world of successful game launches. Tonight during The Game Awards 2017 , Bluehole showed off the first gameplay trailer for PUBG 's new desert map.
    Firewatch's Campo Santo reveals its new game: In the Valley of Gods

    Firewatch's Campo Santo reveals its new game: In the Valley of Gods

    At The Game Awards , we got a look at the announcement trailer for Campo Santo's next game, called In The Valley of Gods . In the Valley of Gods will be self-published by Campo Santo, and is now in development for Windows, Mac, and Linux.


Most liked

United States and South Korea begin massive air exercises
Officials in Pyongyang have described the exercises as the US president " begging for a nuclear war". Air Force confirmed to NK News , adding that the drill was not part of Vigilant Ace 18.

How NiceHash was hacked and its Bitcoin stolen
Many other users responded to the company's maintenance tweet , saying that they had money stolen. Last week, I wrote about NiceHash in relation to its simplicity to get into mining Bitcoin.

Active Spotlight - Walter Investment Management Corp. (WAC) traded 6284724 shares
Hence the difference between Predicted EPS and Actual EPS reported is $-0.4/share which shows an Earnings Surprise of -87 Percent. A trend analysis is a method of analysis that allows traders to foresee what will come about with a stock in upcoming days.

US House ethics panel probing Blake Farenthold over harassment allegations
Greene sued her boss in December 2014, alleging gender discrimination, sexual harassment and creating a hostile work environment. Farenthold subsequently said he was taking out a personal loan to cover the settlement's costs.

Friday snow in the sky but will it stick on the ground?
With the cold temperatures, we now have warnings and advisories in effect for portions of Southwest Louisiana. Although somewhat milder weather returns for a cameo early next week, temperatures will remain below average.

$1.03 EPS Expected for Delta Air Lines, Inc. (DAL)
The fund owned 105,406 shares of the transportation company's stock after acquiring an additional 76,825 shares during the period. They just need to take the company's market capitalization and divide it by the company's total sales over the past 12 months.

Matrix Asset Advisors Inc. NY Buys 12523 Shares of Schlumberger Limited. (SLB)
Hutchin Hill Ltd Partnership reported 65,700 shares. (NASDAQ:MELI) for 24,404 shares. 169,800 are held by Ardevora Asset Mgmt Llp. The firm has a market capitalization of $85,860.00, a PE ratio of 49.19, a PEG ratio of 1.94 and a beta of 1.01.

Sensex surges 352 points on all-round buying
Sensex climbed 242 points or 0.74% to 33,191.75 while the wider Nifty was up by over 76 points or 0.76% to 10,243.60. At 3:30 PM, BSE Sensex ended higher by 37 points to 32,869 and the NSE Nifty50 Index gained by 6 points to 10,128.

Marvel is making an animated movie with diverse superheroes
Causing trouble for the team of Secret Warriors will be the evil Hala, voiced by Agents of SHIELD star Ming-Na Wen. The shorts will then be followed up by an animated feature titled " Marvel Rising: Secret Warriors ".

Brandon Ingram nails game-winner against the 76ers
Booed in the first half nearly every time he touched the ball, Ball flirted with his third career triple-double. Ingram was helped in the scoring end alongside Julius Randle and and Jordan Clarkson both having 16 points.

Analyzing the Insider Data for Callon Petroleum Company (CPE)
Teacher Retirement System of Texas lifted its position in shares of Callon Petroleum by 2.0% during the second quarter. The company has a net profit margin of 18.80% and is more profitable than the average Independent Oil & Gas player.

Champions League draw: Chelsea face prospect of tough round-of-16 draw
The same rings true for the five English Premier League clubs in the Champions League knockout round. Last year Basel earned all of two points in a Group A with Arsenal, PSG and Ludogorets Razgrad.

Traders Secrets on United Parcel Service, Inc. (UPS), Rockwell Automation Inc. (ROK)
Advent Capital Management decreased Calatlantic Group Inc (Prn) stake by 24.45M shares to 245,000 valued at $245,000 in 2017Q2. The investor is now holding $27.14 million shares due in part to a decrease of 701828 new shares in their portfolio.

Hey, Trump, There's No Evidence Clinton Lied to the Federal Bureau of Investigation
Activists and pundits have similarly accelerated their drumbeat of condemnations. However, the "higher ups have had a really bad two years", he continued.

Bandai Namco Reveals Soul Calibur IV
After years of teasing, publisher Bandai Namco announced the long-awaited sequel in its weapons-based fighting game series today. For now, it's also unknown if the new fighters that were introduced in Soul Calibur V will make an appearance.