• Follow Us On : 

China’s Growth Forecast Remains Solid For Q4 2018


Redaksi | Senin,08 Oktober 2018 - 23:03:55 WIB
Dibaca: 64 kali 
China’s Growth Forecast Remains Solid For Q4 2018
  • Mild growth for Chinese trade in both air and ocean freight
  • Important growth sectors include Personal & Household Goods, Machinery Parts, Basic Raw Materials, as well as Chemicals & Products

CHINA - Media OutReach - 8 October 2018 - China's trade is predicted to remain positive and solid on an overall level despite a slowing growth in air and ocean trade in the coming quarter, according to data from the DHL Global Trade Barometer released by DHL, the world's leading logistics company.

The DHL Global Trade Barometer, an early indicator of global trade developments calculated using Artificial Intelligence and Big Data, shows that China's overall index decreased from 63 to 59 compared to June. Most of the country's subdued growth will likely stem from air imports of Chemicals & Products, Capital Equipment, Machinery Parts, Consumer Fashion Goods and Temperature or Climate Controlled Goods. Ocean trade is also expected to maintain moderate growth at 56 points due to high exports of Personal & Household Goods and Machinery Parts.

"With the rise of domestic consumption and e-commerce platforms in China, consumer spending is expected to drive the country's gross domestic product growth despite ongoing uncertainty in its global trade relations," said Steve Huang, CEO, DHL Global Forwarding Greater China.

"Domestic consumption contributed almost 80% of GDP growth in the first half of 2018, an increase of more than half the year before.[1] As such, we're beginning to see the effects of China's economic transition towards becoming a digitally-enabled mass-consumer market, even as trade continues for raw materials necessary to their manufacture."

The Barometer's results also suggest that despite intensifying global trade disputes, mainly between China and the US, world trade is expected to grow over the next three months albeit at a slower pace. The growth outlook looks positive for all Asia Pacific countries with India leading the ranks, along with optimistic outlooks for South Korea, China, and Japan. This is testament to the Asian economy's growth, especially in the areas of technology and manufacturing. In the Global Trade Barometer methodology, an index value above 50 indicates positive growth, while values below 50 indicate contraction.

Developed jointly by DHL and Accenture, the DHL Global Trade Barometer provides a quarterly outlook on future trade, taking into consideration the import and export data of seven large economies: China, South Korea, Germany, India, Japan, the United Kingdom, and the United States. Together, these countries account for 75 percent of world trade, making their aggregated data an effective bellwether for near-term predictions on global trade. The DHL Global Trade Barometer, which assesses commodities that serve as the basis for further industrial production, predicts that global trade will continue to grow in the next three months, despite slight losses in momentum.

DHL -- The logistics company for the world
DHL is the leading global brand in the logistics industry. Our DHL family of divisions offer an unrivalled portfolio of logistics services ranging from national and international parcel delivery, e-commerce shipping and fulfillment solutions, international express, road, air and ocean transport to industrial supply chain management. With about 360,000 employees in more than 220 countries and territories worldwide, DHL connects people and businesses securely and reliably, enabling global trade flows. With specialized solutions for growth markets and industries including technology, life sciences and healthcare, energy, automotive and retail, a proven commitment to corporate responsibility and an unrivalled presence in developing markets, DHL is decisively positioned as "The logistics company for the world".


Akses Wahanariau.com Via Mobile m.Wahanariau.com
Untuk Berbagi Berita / Informasi / Peristiwa
Silahkan SMS ke nomor HP : 085271472010
atau email ke alamat : [email protected]
Harap camtumkan detail data diri Anda
Pengutipan Berita dan Foto, Cantumkan Wahanariau.com Sebagai Sumber Tanpa Penyingkatan
TULIS KOMENTAR
BERITA TERKAIT
Selasa,18 September 2018 - 06:11:38 WIB

UNPay’s Founder, Zhang Zhenghua, Named in Fortune China’s 2018 ''40 under 40'' List

SINGAPORE - Media OutReach - 17 September 2018 - Zhang Zhenghua, Founder and CEO

Rabu,31 Januari 2018 - 20:03:35 WIB

Consumption-driven economy to drive China’s continued trade growth, according to DHL trade data

SHANGHAI, CHINA - Media OutReach - 31 January 2018 - China's economic outlook remains posit

Senin,28 Mei 2018 - 17:04:07 WIB

China’s Global and ASEAN Trade Connectivity Leveled Up With Guangxi-Singapore Connectivity

Guangxi's CAIH and Singapore's GeTS to jointly pilot international trade facilitation module

Kamis,23 Agustus 2018 - 22:20:39 WIB

Aon and FORTUNE China announce China’s Top Boards of Directors for 2018

CHINA - Media OutReach - August 23, 2018 - Aon plc (NYSE: AON), a leading g

Jumat,26 Januari 2018 - 19:23:25 WIB

Bridging the information gap: A new voice sheds light on China’s bond market

HONG KONG, CHINA - Media OutReach - Jan 26, 2018 - On 23 January 2018, The Inaugural Pengy

BERITA LAINNYA
Sabtu,20 Oktober 2018 - 00:47:54 WIB

Spackman Entertainment Group Acquires Greenlight Content

Greenlight Content is primarily involved in the business of investing into dramas and movies, as w

Sabtu,20 Oktober 2018 - 00:42:12 WIB

Arrow Electronics Collaborates with Infineon Technologies to Raise Innovation Capability and Engineering Competency of Start-ups in South East Asia, India, Australia and New Zealand

SINGAPORE - Media OutReach - October 19, 2018 - Global technology solutions provider

Sabtu,20 Oktober 2018 - 00:34:17 WIB

DHL and Shopee Launch New Partnership, Enabling China Sellers to Easily Access Thai Consumers

Excellent cross border and domestic delivery solution provided by DHL eCommerce now integrated on

BERGABUNG DI SINI
KABAR POPULER
IKUTI BERITA KAMI