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.
July 3, 2018
By PLA Editorial
The DHL Global Trade Barometer’s results also suggest that Asia Pacific is expected to uplift global trade growth in the coming quarter, mainly driven by optimistic outlook for China, India and South Korea. Additionally, Japan continues to maintain relatively high rankings on the index with promising forecast for the coming months. Strong growth in ocean freight across Asia Pacific, coupled with steady or rising air freight traffic in the region’s leading economies, is testament to the Asian economy’s growth especially in the areas of technology.
Developed jointly by DHL and Accenture, the DHL Global Trade Barometer provides a quarterly outlook on future trade, taking into consideration the import and export data of seven large economies: China, South Korea, Germany, India, Japan, the United Kingdom, and the United States. Together, these countries account for 75 percent of world trade, making their aggregated data an effective bellwether for near-term predictions on global trade. The DHL Global Trade Barometer, which assesses commodities that serve as the basis for further industrial production, predicts that global trade will continue to grow in the next three months, despite slight losses in momentum.