China’s Exports Grow 2.3 Percent in December, Raising Expectations for Policy Easing/Reuters
China’s Exports Grow 2.3 Percent in December, Raising Expectations for Policy Easing
China’s exports increased by 2.3% year-on-year in December, surpassing expectations and showing signs of global trade recovery. The growth, driven by semiconductors and electronics, reflects a cyclical rebound in overseas consumer demand. Imports grew by 0.2%, reversing a 0.6% drop in the previous month. While improved export data suggests a positive trajectory for global trade, deflationary pressures persist in China’s economy, with consumer prices falling for the third consecutive month in December. Policymakers face challenges from a property crisis, cautious consumers, and geopolitical issues as they consider additional policy easing measures.