I'm on EU export slowdown on Japan, ASEAN deficit is likely to continue to expand

Customs 10, published data show that the first 8 months, our country and the EU, the United States, Japan and ASEAN's bilateral trade amounted to year-over-year increase of 36.2% respectively, 32%, 34.8%, 47.2%. Of these, the European Union, the United States and Japan are lower than the rate of increase in China's imports and exports worth 40% of ASEAN is 7.2 than average.

The structure from the country of export, and export growth in July, compared with the year-over-year growth rate of exports has increased in the United States 7.1%, exports of the European growth declined 2.9%, exports to ASEAN and India growth declined 7.5%, exports grew by 9% in Japan.

Guotai Junan analysis reports that the United States export growth since last year a lower base in August, while the seasonally, the growth rate of exports to the United States is declining, and the United States and Europe's economic growth is consistent, the recovery in demand in Europe and America show momentum slowed down.

In August, China imported cars become trade data of a major bright spot. According to customs data, the month in August, China imported 1192.7 billion, an increase of 35.2% increase compared to last month 12.5% export loop than moderated 3.7 percentage points, the trade surplus ring than reducing 30.4%.

To provide the forces of acceleration of imports from Asia Japan, ASEAN, correspondingly, these two areas are China's trade surplus with the major sources of reduction. The first 8 months, China's exports to Japan 753.3 million 25.5 percent; from Japan import 1115.6 billion, an increase of 41.9%; Japan trade deficit 362.3 billion, an increase of 94.8%. China on the ASEAN exports amounted to $ 880.7 billion, up 40% since the ASEAN import 973.1 billion, an increase of 54.4%; on ASEAN trade deficit 92.4 billion, while the trade deficit during the same period in 2009 only 1.1 billion.

Chinese Academy of Social Sciences Institute of Asia-Pacific Regional Director of the research cooperation in the main view, and report by Japan, ASEAN trade deficit growth is expected, the trade deficit is likely to continue to expand in the future.

He said that the growth of imports to Japan by stimulating investment. This year, Japan increases investment in China, investment will bring a lot of exports to China, including automotive, electronics products of core components and other high value-added products. While ASEAN trade deficit, largely due to the strong economic recovery in China, the demand for raw materials. From China ASEAN value of imports of goods, oil, natural rubber, a significant percentage of raw materials.

"Free trade area of the factors obviously contributed to China and ASEAN trade development, from China on the ASEAN trade deficit in the rapidly growing situation, China-ASEAN free trade area in the promotion of the ASEAN countries, exports to China played an important role. This is consistent with our policy expected. "Wang and the Lord said. In his view, China as Asia and the role of the global market is gradually increasing, and Japan, the expansion of ASEAN trade deficit is not a bad thing, but with the Chinese market this status.