The General Administration of Customs announced on the 11th that in August, exports reached 103.7 billion U.S. dollars, stabilizing above 100 billion U.S. dollars for two consecutive months; imports were 88 billion U.S. dollars. The trade surplus in August was 15.712 billion US dollars, the highest in five months. In August, exports fell by 23.4% year-on-year, and imports fell by 17% year-on-year. The declines were 0.4 and 2 percentage points higher than that of the previous month, and were lower than market expectations. However, from the month-on-month data, after seasonal adjustments, imports, exports, and imports in August increased by 2.3%, 3.4%, and 1% respectively. Analysts pointed out that although the decline in imports and exports has increased year-on-year, the chain has increased month-on-month, and the overall trend has not changed. In the fourth quarter, the decline in exports is expected to narrow significantly. Exports have clearly recovered From January to August, the total value of China's foreign trade in imports and exports was 1,338.66 billion US dollars, down 22.4% from the same period last year. Among them, exports were US $ 730.74 billion, down 22.2%; imports were US $ 607.92 billion, down 22.7%. The cumulative trade surplus was US $ 122.82 billion, a decrease of 19%. Li Huiyong, a macroeconomic analyst at Shenyin & Wanguo, believes that August ’s lower-than-expected exports may have two reasons: one is the lagging effect of previous orders; the other is that it may be related to the structure of the United States and other countries to replenish inventories. Since the products spurred by the United States' recent replenishment of inventories are mainly exports from developed countries such as Germany, China's products have not benefited much. However, the PMI order index rose rapidly, the regions and sectors of the US economic recovery are expanding, and the decline in exports in the fourth quarter will be significantly narrowed. The high base in the same period last year was also the reason for the year-on-year decline in exports. The export value in August last year was 135.887 billion US dollars, the third highest month of the year. The report released by JPMorgan Chase also pointed out that China's exports have clearly recovered and are expected to show positive growth next year. It is expected that exports for the whole year of 2009 will fall by 18%, and in 2010 there will be a positive growth of 21%. Among the exported commodities, the decline in exports of major labor-intensive products was significantly smaller than the overall export level during the same period. In the first 8 months, the year-on-year decline in China's exports of major labor-intensive products was less than the overall decline of 22.2%. However, since June, the decline in exports of apparel and clothing accessories, footwear, furniture, plastics (10480, 75.00, 0.72%), luggage, etc. has increased. Import demand has not decreased In August, the value of imports fell sharply, from US $ 95 billion in July to US $ 88 billion. Zhang Yansheng, director of the Foreign Economic Research Institute of the National Development and Reform Commission, believes that this change in imports is mainly due to the adjustment of inventory expectations and does not reflect changes in domestic demand. In August, the Chinese economy was still on the rise, and the demand for imports did not decrease. Dong Xian'an, a macro analyst at Industrial Securities, believes that at the current rate of recovery in imports and exports, it is expected that China's import scale will exceed its export scale soon. This is not only caused by the slower recovery of the overseas economy than China, but also the adjustment that the Chinese economy will inevitably face after reaching a certain scale. Behind it is the hard constraint of the overseas market capacity. Among imported commodities, imports of major commodities increased in volume and fell in price. According to customs statistics, in the first 8 months, China imported US $ 171.76 billion of primary products, a year-on-year decrease of 33.9%. Imports of major commodities have increased to varying degrees. Among them, iron ore imports increased by 32%, the average import price was US $ 76.4 per ton, down 45.1%; imported crude oil was 130 million tons, up 7.4%, and the average import price was US $ 385.7 per ton, down 50%; imported soybeans (3585 , -35.00, -0.97%) 29.61 million tons, an increase of 20.6%, the average import price was 429.7 US dollars per ton, down 28.7%. Spider Moving Head Light ,Led Mini Spider Light,Spider Beam Light,Spider Disco Light Big Dipper Laser Science And Technology Co., Ltd , https://www.bigdipper-laser.com