China's foreign trade declined sharply in December - ConsultFX

China's foreign trade declined sharply in December


According to the General Administration of Customs of China, the indicators of China's exports and imports in December 2018 decreased at the maximum rate over the past two years. Such dynamics indicate that the economic growth of the Celestial Empire demonstrates some slowdown under the negative influence of the trade war with the United States.

Exports from China fell by 4.4% in annual terms, imports fell by 7.6%. Both of these indicators have been minimal since 2016. China's trade surplus at the end of 2018 was $ 57.1 billion.

Weak data on China's foreign trade volumes indicate a further attenuation of the economic impulse, despite the many incentive measures taken by the Central Bank of the country (from the increase in infrastructure spending to tax cuts).

At the end of the year, Chinese exports increased by 9.9% (to $ 2.48 trillion), while imports jumped 15.8%. The trade surplus was $ 351.8 billion.

The material has been provided by InstaForex Company -