China’s Dec exports and imports slump, but slightly better than forecasts

Fri Jan 13 2023
Austin Collins (556 articles)
China’s Dec exports and imports slump, but slightly better than forecasts

China’s exports tumbled 9.9% in December from a year earlier, while imports shrank 7.5%, customs data showed on Friday.

Analysts in a Reuters poll had expected exports to fall 10.0 after a 8.7% drop in November due to weakening global demand.

Imports were forecast to have contracted by 9.8% compared with a 10.6% fall in November, due to sluggish domestic consumption as many people stayed indoors amid surging COVID-19 infections after the government largely removed anti-virus measures.

China posted a trade surplus of $78 billion in December, compared with a forecast $76.2 billion surplus in the poll and a $69.84 billion surplus in November.

Tags China
Austin Collins

Austin Collins

Austin Collins is our Europe, Asia, & Middle East Correspondent. He covers news related to Stock Market. In past he has worked for many prestigious news & media organizations. He is based in Dubai