Imports of Basic & Industrial Raw Materials, Chemicals & Products and Temperature or Climate Controlled Goods remain positiveRise in exports of Machinery Parts coincides with growing focus on smart manufacturing and high-quality developmentSHANGHAI, CHINA - Media OutReach - 6 December 2019 - The DHL Global Trade Barometer (GTB) indicates a further contraction in world trade for the next three months, with China recording the weakest growth outlook compared to all surveyed GTB countries. China’s ocean and air imports in certain sectors[1] look set to remain strong as domestic consumption drives the economy amidst an overall decline in trade growth, according to data from the DHL Global Trade Barometer released by DHL, the world’s leading logistics company.The DHL Global Trade Barometer, an early indicator of global trade developments calculated using Artificial Intelligence and Big Data, revealed that China’s trade index now stands at 42 points and therefore indicates negative growth for the three months ending in January 2020. With three points down from the previous quarter it’s the lowest result since the launch of the GTB in January 2018. Although China’s Index value remains below 50[2] — the threshold for net trade growth –imports for important sectors like Basic Raw Materials and Chemicals & Products… Read full this story
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