China import growth to outpace exports, says Atradius

AMSTERDAM – In its 2013 Country Report on China, Atradius Credit Insurance says growth is expected to decelerate to 7.5% in 2013 and to 7.3% in 2014, with import growth outpacing export growth as domestic demand increases because of urbanisation.

The report puts the performance forecast for China’s agricultural and financial services industries as ‘excellent’ and for the consumer durables industry as “good”. The automotive, transport, chemicals, pharma, electronics, ICT, food and engineering industries receive a “fair” forecast, but there is a “poor” outlook for construction, construction materials, metals, paper, steel and textiles industries. www.atradius.com (ATI).