Positive outlook for China’s growth in Q3 of 2018

The strong presences of China’s air, and ocean trade is expected to bring the country’s overall growth to a greater height, according to data from the DHL Global Trade Barometer released by DHL. The world’s leading logistic company, highlighted the country’s overall index has increased to 63 points, as compared to the last quarter’s 61 points.


China's Growth DHL


 

The strong presences of China’s air, and ocean trade is expected to bring the country’s overall growth to a greater height, according to data from the DHL Global Trade Barometer released by DHL. The world’s leading logistic company, highlighted the country’s overall index has increased to 63 points, as compared to the last quarter’s 61 points.

 

The DHL Global Trade Barometer, an early indicator of global trade developments calculated using Artificial Intelligence and Big Data, shows that air imports are expected to be driven by Temperature or Climate Controlled Goods, Basic Raw Materials, Machinery Parts and Capital Equipment while air exports are buoyed by trade in Machinery Parts and Consumer Fashion Goods. Ocean trade growth is predicted to reach 58 points, with Personal & Household Goods continuing to dominate on the export front.

 

“We’re beginning to see the effects of China’s economic transition towards more value-added industries like technology and automotive production, even as trade continues for raw materials necessary to their manufacture,” said Steve Huang, CEO, DHL Global Forwarding Greater China.

 

“China’s status as a technology innovator in its own right is continuing to gain momentum, powering its export growth for the second half of the year. The domestic appetite for consumer technology also continues to fuel trade for the country, with integrated circuit imports accounting for nearly 15 percent of imports in the first four months of 2018.[1] Despite potential softening in some industries, we expect China’s growth to remain stable as it pursues new trade opportunities along the Belt and Road while continuing to invest heavily in local manufacturing of increasingly innovative products.”