Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

PR Today

Home >> Press Release


Consumption-driven economy to drive China’s continued trade growth, according to DHL trade data

    DHL Global Trade Barometer indicates trade in China will remain in growth mode
    Air freight exports will prop up China's near-term trade, even as ocean freight volumes slump due to slower raw materials demand

SHANGHAI, CHINA - Media OutReach - 31 January 2018 - China's economic outlook remains positive, based on analysis in the Global Trade Barometer released today by DHL, the world's leading logistics company -- despite the country receiving the lowest growth index of the world's seven largest economies.

The first ever DHL Global Trade Barometer, an early indicator of global trade developments calculated using Artificial Intelligence, Big Data and predictive analytics suggests that Chinese exports -- particularly those of consumer goods, machinery parts, and chemicals and products -- will bolster the country's near-term growth, underpinning sustained increases in air freight volumes out of China. However, the Barometer also found that Chinese ocean trade is losing momentum, largely due to the country's reduced appetite for industrial raw materials.

"With China's economy shifting towards a more consumption- and service-driven model,[1] it's no surprise that the growth outlook for ocean freight is significantly lower than before," said Kelvin Leung, CEO, DHL Global Forwarding Asia Pacific. "The Barometer's results also suggest that China's push to raise higher-quality global exports and domestic consumer spending[2] are having the desired effect on trade and future economic development, with core industries like automotive and industrial manufacturing continuing to hold strong."

According to the Barometer, the decline in ocean freight has been offset by resilient exports in China's main industries: household goods, automotive, and machinery parts. The country's growth indices for household goods and chemical products also remain strong, though a decline in consumer fashion products is expected to continue weighing down Chinese air exports in the next three months.

"Despite the slowdown in infrastructure spending, China's consumer and industrial exports remain strong, signaling the success of the country's greater focus on economic development over raw growth," added Kelvin Leung. "Businesses can expect to see growing opportunities to source high-quality manufacturing and materials from China, and they should take steps to secure sufficient air freight capacity -- or take advantage of declining ocean trade by moving less time-sensitive cargos into containerized shipping -- as competition increases."

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.

DHL -- The logistics company for the world

DHL is the leading global brand in the logistics industry. Our DHL family of divisions offer an unrivalled portfolio of logistics services ranging from national and international parcel delivery, e-commerce shipping and fulfillment solutions, international express, road, air and ocean transport to industrial supply chain management. With about 350,000 employees in more than 220 countries and territories worldwide, DHL connects people and businesses securely and reliably, enabling global trade flows. With specialized solutions for growth markets and industries including technology, life sciences and healthcare, energy, automotive and retail, a proven commitment to corporate responsibility and an unrivalled presence in developing markets, DHL is decisively positioned as "The logistics company for the world".

DHL is part of Deutsche Post DHL Group. The Group generated revenues of more than 57 billion euros in 2016.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below



  Today's  Stories                       February 2, 2018 
• PHL factory output hurt by TRAIN —economist Subcribe: Asean Affairs Global Magazine
• Charges against foreigners over ‘pornography’ are latest blow to Siem Reap businesses  Subsribe Now !
Retail sales up 9.5% in January 
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

BSP sees Jan. inflation clocking in at 3.5-4%
Electronics industry growing
Asean Analysis                  October 27,  2017
• Asean Analysis October 27, 2017
Southeast Asia from Scott Circle: Indonesian Presidential Politics Begins to Heat Up 18 Months before Elections
Advertise Your Brand

Asean Stock Watch   Febriaru 1,  2018

• Asean Stock Watch-February 1, 2018
The Biweekly Update
• The Biweekly Update  October 27, 2017

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan

ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


Name

Name


Email

Email



1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com