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A grim picture presents the economy China At the beginning of this year, given the fall export and import.
According to reports from this country, in January and February its foreign trade fell compared to 2022 due to low external demand and a worsening health situation, and tensions with USA resist.
China’s exports fell again in January and February (6.8% year-on-year), according to dollar figures released on Tuesday by Chinese customs. In December, they registered an inter-annual fall of 9.9%.
Imports also declined in January and February (-10.2% year on year), according to the same source. In December, they fell by -7.5% compared to December 2021.
As for the trade surplus China, in January and February (added) it reached 116,800 million dollars (about 109,200 euros). In December, it amounted to $78 billion.
The threat of a recession US and Europecoupled with galloping inflation, it is helping to reduce international demand for Chinese products.
In addition, in December, China lifted most of its anti-covid-19 measures that had held back the country’s economic activity for three years. This decision caused many people to fall ill, disrupting production and supply chains in January.
Amid geopolitical tensions with the US, Chinese exports to that country fell 21.8% year-on-year in January and February. A year earlier, in the same period, they reflected an increase of 12.3%.
Source: RPP
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.