Export Rebound Continued &Nbsp, Facing Uncertainties.

China logistics and purchasing Federation released 1 data released on May, China's Manufacturing Purchasing Managers Index (PMI) new export orders index of 53.8%, still maintained at a high level.

Experts believe that the momentum of export recovery is still continuing, but there are still some uncertainties.

According to the industry, there are 16 industries in 20 industries, and the new export orders index is higher than 50%, of which 2 industries reach more than 60%.

However, judging from the trend of the new export orders index in recent two months, May dropped 0.7 percentage points from April, and April was unchanged from March.

Yu Ying, general manager of China mining consulting, believes that there are still many uncertainties in the process of continuous recovery of exports.

In fact, China's overall export growth rate reached 30.5% in April.

Experts believe that China's exports will remain in the process of recovery in the coming months, but in the light of the trend of the new export orders index and the international environment, the export rebound process still faces greater uncertainty.

From the present point of view, the European sovereign credit crisis will directly strike the European economy and affect the trend of the euro, making the recovery of the EU economy face great uncertainty, and the negative impact on China's exports can not be ignored.

As of May 14th, the total appreciation of RMB against the euro has reached 14.5%, which will cause greater cost pressures on China's exports to Europe, and the decline in trade credit capabilities of European importers, which will have a negative impact on the sustainable recovery of China's exports, which may add new uncertainties to China's export growth in the second half of this year.

Yu Ying believes that the impact of the European debt crisis on China's exports may continue for some time.

From the data point of view, export orders in May are better than domestic orders, but we still need to be cautious about future export growth.