China�s growth forecast remains solid for Q4 2018

• Mild growth for
  Chinese trade in both air and ocean freight
• Important growth
  sectors include Personal & Household Goods, Machinery Parts, Basic Raw
  Materials, as well as Chemicals & Products

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SHANGHAI, CHINA - Media
OutReach - 8 October 2018 – China’s trade is predicted
to remain positive and solid on an overall level despite a slowing growth in air
and ocean trade in the coming quarter, according to data from the DHL Global Trade Barometer released by DHL, the
world’s leading logistics company.

 

The DHL Global Trade Barometer, an early indicator of
global trade developments calculated using Artificial Intelligence and Big
Data, shows that China’s overall index decreased from 63 to 59 compared to
June. Most of the country’s subdued growth will likely stem from air imports of
Chemicals & Products, Capital Equipment, Machinery Parts, Consumer Fashion
Goods and Temperature or Climate Controlled Goods. Ocean trade is also expected
to maintain moderate growth at 56 points due to high exports of Personal & Household Goods and
Machinery Parts.

 

“With the rise of domestic consumption and e-commerce platforms in
China, consumer spending is expected to drive the country’s gross domestic
product growth despite ongoing uncertainty in its global trade relations,” said
Steve Huang, CEO, DHL Global Forwarding Greater China. “Domestic consumption
contributed almost 80% of GDP growth in the first half of 2018, an increase of
more than half the year before.[1]
As such, we’re
beginning to see the effects of China’s economic transition towards becoming a
digitally-enabled mass-consumer market, even as trade continues for raw
materials necessary to their manufacture.”

 

The Barometer’s results
also suggest that despite intensifying global trade disputes, mainly
between China and the US, world trade is expected to grow
over the next three months albeit at a slower pace. The growth outlook looks
positive for all Asia Pacific countries with India leading the ranks, along
with optimistic outlooks for South Korea, China, and Japan. This is testament
to the Asian economy’s growth, especially in the areas of technology and
manufacturing. In the Global Trade Barometer methodology, an index value above
50 indicates positive growth, while values below 50 indicate contraction.

Developed jointly by DHL and
Accenture, the DHL Global Trade Barometer
provides a quarterly outlook on future trade, taking into consideration the
import and export data of seven large economies: China, South Korea, Germany,
India, Japan, the United Kingdom, and the United States. Together, these
countries account for 75 percent of world trade, making their aggregated data
an effective bellwether for near-term predictions on global trade. The DHL
Global Trade Barometer, which assesses commodities that serve as the
basis for further industrial production, predicts that global trade will
continue to grow in the next three months, despite slight losses in momentum.

 

DHL — The logistics company for the world

 

DHL is the leading global brand in the logistics industry. Our DHL family
of divisions offer an unrivalled portfolio of logistics services ranging from
national and international parcel delivery, e-commerce shipping and fulfillment
solutions, international express, road, air and ocean transport to industrial
supply chain management. With about 360,000 employees in more than 220
countries and territories worldwide, DHL connects people and businesses
securely and reliably, enabling global trade flows. With specialized solutions
for growth markets and industries including technology, life sciences and
healthcare, energy, automotive and retail, a proven commitment to corporate
responsibility and an unrivalled presence in developing markets, DHL is
decisively positioned as “The logistics company for the world”.

 

DHL is part of
Deutsche Post DHL Group. The Group generated revenues of more than 60 billion
euros in 2017.