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

VoM News Desk | January 12, 2024 | 09:58 AM IST | China, World | Follow on Google News

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.

VoM News Desk

VoM News is an online web portal in jammu Kashmir offers regional, National & global news.