BEIJING Wholesale New York Mets Jerseys
, Aug. 8 (Xinhua) -- China's foreign trade growth moderated in July, affected by currency appreciation and a higher base, official data showed Tuesday.
While there are uncertainties on the trade outlook, analysts believe positive factors remain and that the economy still has sufficient momentum.
Exports in yuan-denominated terms rose 11.2 percent year on year in July, compared with the 17.3-percent growth in June, according to the General Administration of Customs (GAC).
Imports increased 14.7 percent Wholesale New York Yankees Jerseys
, slowing from 23.1 percent in June.
The slower trade growth was a result of a stronger yuan in recent weeks and a higher base in the second half of last year, said Bai Ming, a researcher with the Chinese Academy of International Trade and Economic Cooperation.
The yuan has been on an upward trajectory against the U.S. dollar this year due to the weakening greenback and steady expansion of the Chinese economy.
The central parity rate of the Chinese currency strengthened to 6.7132 against the U.S. dollar on Friday, its highest level since October last year.
Bai expects the pressure for appreciation to persist in the second half of the year, while predicting overall stable growth in foreign trade.
Bloomberg chief Asia economist Tom Orlik said it was important to see the data movement in the coming months before concluding that a deceleration had set in.
""Trade data are volatile, and a miss in a single month doesn't necessarily signal a change in the trend Wholesale Oakland Athletics Jerseys
,"" he wrote in an analysis note.
Orlik listed stronger consumption in the United States and Europe and a weaker yuan than a year earlier as positive factors for China's export outlook, while cautioning that China's share of global exports had already topped out and would be difficult to expand further.
A leading indicator for China's exports increased from 41.5 to 41.9 month on month in July, signaling positive export potential, according to GAC. Total foreign trade reached 2.32 trillion yuan last month, up 12.7 percent from a year earlier, compared with 19.8 percent in June.
Monthly trade surplus stood at 321.2 billion yuan (47.8 billion U.S. dollars) in July Wholesale Philadelphia Phillies Jerseys
, up 1.4 percent year on year.
Despite the slower monthly trade growth, China's broad economy remains resilient, as indicated by other data including that on expanding manufacturing activity, said JZ Securities analyst Deng Haiqing.
The country's manufacturing purchasing managers' index has stayed above 51 for 10 months in a row, official data showed. A reading above 50 indicates expansion.
Meanwhile, Deng described the combined trade growth for the first seven months as relatively high.
""The economic momentum remains sufficient Wholesale Pittsburgh Pirates Jerseys
,"" he said.
In the first seven months combined, exports increased 14.4 percent year on year, while imports rose 24 percent, resulting in a 14.5-percent decline in trade surplus.
Foreign trade in the first seven months totaled 15.46 trillion yuan, up 18.5 percent year on year.
With milder trade growth but still sound economic fundamentals, Deng said China was likely to keep its monetary policy ""not too tight or too loose.""
China set its monetary policy as prudent and neutral for 2017 as authorities try to balance financial deleveraging and support economic growth.
In the first seven months Wholesale San Diego Padres Jerseys
, China's trade with the EU, China's biggest trade partner, climbed 17.1 percent from a year earlier to 2.33 trillion yuan.
Meanwhile, trade with the United States, ASEAN and Japan went up by 20.6 percent, 20.9 percent and 16.9 percent respectively.
Exports of machinery Wholesale San Francisco Giants Jerseys
, electronics and labor-intensive products continued to expand in the first seven months, while the volume of steel exports dropped 28.7 percent year on year to 47.95 million tonnes.
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BARCELONA, Feb. 24 (Xinhua) -- The World Mobile Congress being held in Barcelona is seeing many companies showcase technologies they believe will help improve business efficiency in many ways from increased security to inventions which will save time and money.
Brad Wu, from the company Article 12, which specializes in mobile hardware and software security, explained to Xinhua Wholesale Seattle Mariners Jerseys
, that thanks to advances in communications technology business information will be better safeguarded.
"It can improve people's businesses in many ways," he said. "For example in a lot of countries, doctors and lawyers need to be very careful about data privacy. They have to keep it very safe otherwise they will lose money."
Derek G Roga, CEO of Article 12, said it was vital for business information to remain secret and that society demands increased privacy of information.
Time is all important in business where the saying "time is money" rings all too true and mobile solutions are working to ensure as little time, and money Wholesale St. Louis Cardinals Jerseys
, is wasted as possible: for example, for an executive stuck in a traffic jam.
"Everyone gets caught in traffic jams these days and we waste a lot of time in slow moving traffic," Volvo's Anna Rynvall told Xinhua.
She said the Swedish car manufacturer believes it can help clients save the time they waste on their daily journeys to and from work by "offering a self-driving car."
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