BEIJING (Reuters) – China’s exports in the January-February period increased just 2.3% year-on-year by value, while imports unexpectedly contracted 8.4%, customs data showed on Friday. A Reuters poll of economists had forecast a 5% expansion in exports and a 1% increase in imports. Those compared with exports growth of 10.7% and imports growth of 1.0% […]
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China’s January-February exports, imports weaker than expected
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BEIJING (Reuters) – China’s exports in the January-February period increased just 2.3% year-on-year by value, while imports unexpectedly contracted 8.4%, customs data showed on Friday.
A Reuters poll of economists had forecast a 5% expansion in exports and a 1% increase in imports. Those compared with exports growth of 10.7% and imports growth of 1.0% in December 2024.
China’s outbound shipments lost momentum after nine consecutive months of expansion, as tit-for-tat tariffs escalated into a renewed trade war with the U.S.
The sluggish trade figures threaten to hamper China’s economic recovery just days after the government announced a growth target of roughly 5% for 2025.
(Reporting by Joe Cash; Editing by Sam Holmes)