February 18, 2024
China's Exports Grow 2.3 Percent in December, Raising Expectations for Policy Easing
China Economy World

China’s Exports Grow 2.3 Percent in December, Raising Expectations for Policy Easing

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.

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