The Asian giant moderates its economic growth target for 2017 and sets it at around 6.5% to ensure stability at a time when the international situation is not favorable. This slowdown could be a significant incentive for Spanish importers, who may be able to negotiate better conditions in their operations.
These are the forecasts of the Chinese Prime Minister, Li Kequiang, who opts for slower growth in his country’s economy to address the uncertain international political landscape. The goal of achieving around 6.5% growth set by the Chinese government aligns with the trend of its performance graph. The year 2016 was the least prosperous since 1990.
The moderation of Chinese economic growth is an incentive for Spanish importers, who can now negotiate better conditions in their operations.
The downward trend or, at least, the sustainability of the Chinese economy implies that Spanish importers are currently in an advantageous position when negotiating the terms of purchasing goods. Strong companies can tighten transaction requirements, while moderation benefits both parties: Chinese companies can maintain their sales pace while importers obtain better conditions.
At this moment, China has prioritized ensuring stability and facing a series of challenges, such as the erosion of its traditional growth engine, excess capacity, and financial and economic risks.
The rise to power of Donald Trump and his intention to implement protectionist policies is also one of the open fronts of the Chinese economy. The statements of the American president have increased uncertainty about the possibility of Trump imposing high tariffs on Chinese products.
The Asian country would see its exports to the American continent reduced, so it would have to find outlets for its production by seeking other economic allies in less hostile countries, such as those in the European Union. With the UK’s exit underway, things in Europe are also not flowing as desired for the Chinese, but they can find great support in Spanish importers, as long as they are willing to negotiate interesting conditions for our market.
Beijing needs to generate employment, reduce social inequalities, and improve the quality of life of the Chinese. One of its strengths is its large volume of international commercial operations, for which China has set goals to maintain a prudent monetary policy and achieve healthy growth.
At Bull Importer, we have been importing and manufacturing in China and other Asian countries since 1991, so we are aware of the functioning of its industry and its trade, as well as its economic fluctuations.
Having our deep knowledge of the Chinese market is your best guarantee when importing your goods under the most advantageous conditions and with total security and efficiency.
