Weak Chinese Trade Data – Low Base for Subsequent Growth

China’s foreign trade data for December was another demonstration of why the government went for a loosening of covid restrictions. Exports last month were 9.9% below levels a year earlier, accelerating the decline from November’s -8.7%. Imports lost 7.5% to the same month a year earlier. The foreign trade surplus was $78.0bn, compared to $70bn […]

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