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China Builds Sophisticated Industries as Low-End Exports Falter says Sumitomo Gunma Holdings

Sumitomo Gunma Holdings
2017-09-29 09:00 2353

TOKYO, Sept. 29, 2017 /PRNewswire/ -- Sumitomo Gunma Holdings have noticed a continuing weakness in the global demand as it has again taken its toll on China's faltering manufacturing sector with exports slipping from a record of 17 percent set back in late 2015, according to a recent report from the International Monetary Fund.

The majority of private clients at Sumitomo Gunma Holdings have a relativley large percentage in stocks in the Chinese stock exchanges, however despite the recent dismal figures, analysts at Sumitomo Gunma Holdings have said its nothing to be concerned about.

China's massive export engine slowed further in 2017 to expand at its weakest pace in several years, accompanied by warnings that it risks losing further momentum as global demand tilting more to high-tech products.

The sluggish growth came in part due to stagnant demand in global markets and, and to some extent, because imports prices were higher, which was a relief for exports elsewhere that have been hit by cheap Chinese shipments.

Chief analyst at Sumitomo Gunma Holdings, Michael Renjiro said: "Declining export market share of late is more likely a blip, rather than the start of a lasting trend. As China's share in global gross domestic product continues to rise, it's likely that its share of global exports will expand as well, with products stretching from mass manufacturers to increasingly more sophisticated products as well."

The Chinese make it clear that they want to initially carve out market share, and then wean itself off high-tech imports such as aircraft, robots, electric cars, rail equipment and ships, as the nation kick-starts its next stage of economy development.

This large-scale shift will work in tandem with the existing plan that China has charted out to take its economy away from being too concentrated in fairly low-end manufacturing.

About: Sumitomo Gunma Holdings provides its corporate and individual clients with an extensive list of services and products related to investment and capital wealth management solutions.

Media Contact: Mr Michael Renijro, michael.renjiro@sghtrading.com, 81345774640.

Source: Sumitomo Gunma Holdings
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