China's imports post surprise growth in December, exports beat expectations as higher tariffs loom
China's imports post surprise growth in December, exports beat expectations as higher tariffs loom
Economists are expecting exports to make a notable boost to China's economic growth last year when the figures are released later this week.
cross-posted from: https://lemm.ee/post/52471394
You're viewing a single thread.
Foreign companies -particularly in the U.S.- have refilled their warehouses out of concerns about punitive tariffs on Chinese imports they expect this year. This helped the Chinese economy a bit, but most analysts are pessimistic for the rest of the year and in the long-term. China won't cure its economy by selling its overcapacity to other countries, and for now Chinese domestic consumption remains very low as Beijing's recent measures are considered insufficient as the article also suggests.