Foreign trade China 2023
The General Administration of Customs of China (chin. 中国海关总署) reported that in December 2023) Chinese exports counted in RMB of the country increased by 3.8% y/y and imports by 1.6% y/y. abroad trade increased by 0.2% y/y for the full year, including exports by 0.6% y/y, while imports decreased by 0.3% y/y.
China's abroad trade in yuan shows a recovery trend. However, another image appears, in a dollar bill.
In December last year Chinese exports increased by 2.3% y/y, imports by 0.2% y/y, erstwhile in November the erstwhile increased by 0.5% y/y and imports decreased by 0.6% y/y.
Throughout 2023, abroad trade in China in US dollars decreased by 5.0% y/y, including exports by 4.6% y/y (first decrease since 2016), and imports by 5.5% y/y (lowest in 3 years).
Geopolitical tensions, global economical slowdown, weak home request – these are the main factors in this situation.
The first 3 most crucial trading partners of China do not change. The largest are inactive the countries of Southeast Asia ASEAN (turnover increased by 0.20% y/y). The second is the European Union, although with a fall of 1.9% y/y. 3rd place was taken by the United States, with a fall of 6.89% y/y.
Last year, turnover with Latin American countries increased (growth by 6.8% y/y) and Africa (growth by 7.1% y/y). Against this background, Chinese exports to Russia increase by 47% and imports by 13%.
A strong point of export is the alleged “new three” product:
- lithium-ion batteries,
- electric cars and
- Solar panels.
Their average export growth in 2023 was 29.9% y/y. For electrical cars, this increase was 58.6% y/y.
Source: https://wallstreetcn.com/articles/3706224
CPI and PPI inflation in China 2023
Deflationary force doesn't decrease. In December, the 3rd period in a row, consumer goods prices (CPI) fell. December inflation reached -0.3% y/y. Over the full year 2023 inflation was 0.2% y/y (the slowest rate since 2009), which is simply a contrast to inflation levels recorded in another countries, especially those of highly developed countries.
Producer prices (PPI) besides decreased last year. In December this indicator reached -2.7% y/y, the average over the full 2023 was -3.0% y/y.
Internal request is weak, and the problems of the real property sector proceed to weigh heavy on the economy.
Source:
- https://wallstreetcn.com
- https://www.stats.gov.cn
- https://www.stats.gov.cn
“The hardest” companies on Chinese stock exchanges
At the end of 2023 the most valuable companies The marketplace value of Chinese exchanges was
- Taiwan Semiconductor Manufacturing Co., Ltd. (TSMC) (combined circuits, semiconductors) — 3,82 trillion RMB (approx. PLN 2,134 trillion),
- Shenzhen Tencent Computer Systems Co., Ltd. (games, social media, WeChat, Wechat Mobile Pay) – 2,523 trillion RMB (approx. PLN 1,407 trillion),
- China Kweichow Moutai Distillery (Group) Co., Ltd. (manufacturer of the celebrated MaoTai) – 2,168 trillion RMB (approx. 1,210 trillion PLN), who lost his position as leader after six years of leadership in this category.
Source: https://news.mydrivers.com/1/955/955778.htm
Author: 梁安基 Andrzej Z. Liang, 上海 Shanghai, 中国 China
Email: [email protected]
Editorial: Leszek B.
Email: [email protected]
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