MAPI: China Export Growth Decelerates in Second Quarter

摘要

Chinese export growth of manufactures, which went from a very high 19 percent in the first quarter of 2013 before decelerating to 3 percent in the second quarter, raises a number of intriguing questions, according to an analysis from the Manufacturers Alliance for Productivity and Innovation. In a report on the trade figures in manufactures for the first half of 2013, Ernest Preeg, Ph.D., MAPI senior advisor for international trade and finance, notes that U.S. exports were flat in the first quarter year-over-year and grew by only 2 percent in the second quarter. The trade balances showed an even more striking contrast. The U.S. deficit was up by 2 percent in the first quarter and was flat in the second quarter, while the extraordinary growth of the Chinese surplus of 28 percent in the first quarter reversed to a 5 percent decline in the second quarter.