国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Money

Stocks rise on strong export growth

By Zhang Shidong (China Daily)
Updated: 2011-05-11 13:21
Large Medium Small

SHANGHAI - Stocks on the Chinese mainland rose, driving the benchmark index's biggest gain in a week, as a jump in exports to a record bolstered confidence the world's second-biggest economy can avoid a slump in growth.

Yanzhou Coal Mining Co led an advance for coal producers after the price of the fuel climbed to the highest in more than two years and the nation's exports exceeded economists' estimates last month. Guangxi Guidong Electric Power Co had the biggest two-day gain in three years on prospects the government will boost hydropower supply to offset power shortages.

"The trade data are in line with expectations and reinforced the view that there's no risk of a hard landing for the economy," said Wu Kan, a fund manager at Dazhong Insurance Co, which oversees $285 million. "The government is continuing its battle against inflation, and monetary policies aren't likely to be relaxed in the near future."

Related readings:
Stocks rise on strong export growth China stock index futures close up
Stocks rise on strong export growth Coal, oil and US jobs data boost the markets

The Shanghai Composite Index climbed 18.2 points, or 0.6 percent, to 2890.63 at the 3 pm close. The CSI 300 Index advanced 0.8 percent to 3153.22. The MSCI Emerging Markets Index added 0.2 percent. Hong Kong's stock market was shut on Tuesday for a holiday.

The Shanghai Composite has declined 5.5 percent from a five-month high on April 18 amid concern the government will add to the 10 increases in lenders' reserve-ratio requirements and four rises in interest rates since early last year to cool inflation. The losses pared the gauge's advance this year to 2.9 percent.

Chinese exports rose 29.9 percent in April from a year earlier and imports climbed 21.8 percent, leaving a trade surplus of $11.42 billion, the General Administration of Customs said on Tuesday. The median estimate in a Bloomberg News survey of 27 economists was for a $3.2 billion trade surplus. Analysts forecast a 29.5 percent gain in exports and a 28.9 percent increase in imports.

Export growth is "still quite robust", spurred by Japanese imports of Chinese consumer staples after the earthquake, according to Bank of America-Merrill Lynch.

"The return of a trade surplus might be market-positive, but the slowing import growth might worry some investors, who are concerned about a hard landing in China," Ting Lu, an economist at the bank, said in a report.

A definite positive is "China's export growth, which displays strong resilience under the headwinds of rising labor costs, rising interest rates, RMB appreciation and surging raw-material prices".

The nation's consumer prices may have risen 5.2 percent last month, based on a survey of economists by Bloomberg News.

The inflation figures are scheduled to be released on Wednesday.

The March inflation rate was 5.4 percent, the highest since 2008.

Bloomberg News

分享按鈕
南澳县| 广宗县| 顺义区| 迁西县| 镇坪县| 古蔺县| 天台县| 柳林县| 咸阳市| 衡南县| 乌拉特中旗| 渝北区| 明水县| 子洲县| 长岛县| 博野县| 蓝山县| 高清| 习水县| 东至县| 安西县| 清流县| 马关县| 阿荣旗| 宜城市| 巩留县| 新蔡县| 哈密市| 连江县| 古蔺县| 迭部县| 平湖市| 隆回县| 白河县| 邮箱| 青浦区| 鄂州市| 德格县| 延安市| 任丘市| 根河市|