Zhu Jianfang: Short-term factors lead to June export exceeding expectations

July 10 Evening News June Foreign Trade import and export data released, including export growth of 35.2%, import growth of 52.7%, the trade surplus fell 42.5%.　　In this respect, Zhu Jianfang, chief economist of Citic Securities, said that exports exceed expectations, is caused by short-term policy factors, and never seen, exports year-on-year growth should be in a decline in the state. According to the June import and export data, the Jianfang pointed out that, from the intuitive figures, exports exceed expectations. "This is mainly caused by short-term factors," he noted, from the policy point of view, from 15th this month, the abolition of 406 tax number of products export tax rebates, of which "two senior capital" was suppressed.　　In this way, the relevant companies will hasten exports before the export tax rebate is canceled.　　In addition, from the exchange rate, the appreciation of the renminbi is expected to enable enterprises to export ahead of time.　　If these short-term factors are excluded, the year-on-year increase in exports should be a form of retreat, Jianfang said. The growth in imports is in line with Jianfang expectations, and he thinks it basically reflects a current trend in economic growth. (Super Yan from Beijing)