The customs dispute with the US and slower economic growth have weighed on the Chinese foreign trade at the end of the year. The measured in US dollars, exports declined in December compared to the same month last year to 4.4 percent, as the government announced on Monday in Beijing. Imports decreased even more strongly by 7.6 percent. In addition, the data for November were revised downwards.
experts had expected for the end of the year, both for imports and exports are at least slight growth. Ex - and imports developed in December, as bad as the past two years.
The balance sheet for the year 2018 was less cloudy: The exports of China increased compared to the previous year by nearly ten percent, the imports increased by almost 16 percent. However, the export surplus is the lowest for five years, which can also be considered as weakness of character.
The weak development of foreign trade is likely to go back to both on the grounds outside as well as within China. The slowdown of the world economy in the past few months, provides for a lower foreign demand for Chinese Goods. On the other hand, the weak imports of China are a mirror image of the weakening domestic demand. However, the function of China as "factory of the world plays" a role in China wholesale a goods and raw materials from other countries, in order to process this further.More about
social credit system, China is on the way in which MonitoringNing Wang, days of the mirror in the Morning for Free order
In the financial markets existing in the economy have been reinforced fears by the Numbers. In Asia, most stock markets have responded with losses. In the currency market, the Australian and new Zealand dollars declined, because Australia and new Zealand have close trade connections with China. In addition, the sentiment was impacted by weak Figures on car sales in China: According to Figures from the Monday, the sales for the full year 2018 declined for the first Time in 28 years. The Figures fueled speculation on further economic support measures by the Chinese government. (dpa)