China’s exports rise at a faster pace in December on expectations of easing measures to support the economy
China’s exports grew at a faster pace in December than the previous month, while deflationary pressures on the economy continued.
As economic challenges continue, the Chinese economy continues to face major challenges in 2024.
Despite the improvement in China’s export data, the economy remains under the influence of the real estate crisis and declining domestic demand.
Customs data showed that China’s exports grew by 2.3% year-on-year in December, beating expectations.
As global trade indicators improve, analysts expect a reduction in interest rates in the United States and Europe, which will encourage demand for imported goods.
On the other hand, consumer prices in China continued to decline, and imports rose by 0.2%, highlighting the continued deflationary pressures on the Chinese economy.
Deflationary pressure remains on the Chinese economy, and please expect more supportive measures to boost the economy soon.
