The Effect Of Currency Depreciation On Exports Is Relatively Weak.

At present, the devaluation of domestic currency is still limited to the improvement of exports, and the trade surplus is not large enough. In the future, the RMB will still face some pressure of depreciation.

Export decline narrowed, but external demand remained sluggish. In October 2016, China's exports totaled $178 billion 200 million in US dollars, down 7.3% compared to the same period last year, a drop of 2.7 percentage points narrower than in September.

In October, exports fell by 3.4%, a seasonal decline, but the year-on-year decline is still relatively large. Global economic growth is weak, leading to a continued downturn in external demand. The short-term currency devaluation has not yet reversed the downward trend of exports, and the overall export situation is still not optimistic.

From the point of view of products, the export volume of traditional labour intensive products is generally lower than the same period, such as bags and similar containers (-11.3%).

And accessories (-11%),

(-10.8%), furniture and its parts (-10.8%), lamps and lanterns, lighting fixtures and similar articles (-13.2%).

In the first 10 months of 2016, China's exports totaled $17115 billion in US dollars, down 7.7% from the same period last year.

The decline in imports narrowed and remained relatively stable. In October 2016, the total value of imports in the US dollar amounted to US $129 billion 100 million, down 1.4% from the same period last year, narrowing by 0.5 percentage points compared with the September decline.

In October, the amount of imports decreased by 13 billion 400 million US dollars compared with the ratio in September.

In October, the import volume of general trade increased by 2.6% over the same period last year, up 2.9 percentage points from September.

Domestic consumption and investment have stabilized, PPI upward trend has been positive, industrial boom has picked up, and imports have remained relatively stable.

In the first 10 months of 2016, the total value of imports in US dollar amounted to 12699 billion US dollars, down 7.5% from the same period last year.

Trade surplus is rising, but space is limited. In October, China

49 billion 60 million US dollars, an increase of US $7 billion 10 million over September, down 20% from the same period in 2015.

The monthly import and export volume in October shows that export and import have declined, but due to seasonal factors, the trade surplus has increased a bit.

In October, the central parity of the US dollar rose to 6.6778 from RMB to 6.7641, and the renminbi depreciated 1.29% in one month.