Beijing: export to china And imports rose more slowly in December as the world’s second-largest economy showed signs of slowing, but exports came in well above expectations, buoyed by ongoing solid global demand.
Exports rose 20.9% year-on-year last month after rising 22% in November 2021, customs data showed on Friday. Analysts in a Reuters poll had expected a 20% increase in exports.
China’s fast-growing exports outperformed expectations for 2021 and saw growth spurt as many other sectors, but shipments slowed as overseas spurts in demand from easing goods and higher cost pressures exporters. has gone.
Imports rose 19.5% year-on-year in December, customs data showed, decelerating sharply from a forecast 26.3% increase and a 31.7% increase in November.
China posted a trade surplus of $94.46 billion last month, while the survey estimated a surplus of $74.50 billion. China recorded a surplus of $71.72 billion in November.
For all of 2021, total exports grew by 29.9% compared to a 3.6% gain in 2020. Imports rose 30.1% for the year, after falling 1.1 percent in 2020.
The world’s second largest economy has staged an impressive recovery from the pandemic, but there are signs the momentum is flagging. An asset slowdown and tighter COVID-19 curbs are among the headwinds tarnishing the outlook for 2022.
The official Xinhua news agency cited a meeting of the State Council chaired by Premier Li Keqiang in late December as saying that the country would formulate more policies to help exporters and ease the pressure of international logistics problems.
China’s deputy commerce minister said on December 30 that the country would face unprecedented difficulty in stabilizing foreign trade in 2022, amid a less favorable base of comparison among other exporters as other exporters ramp up production.
At a major agenda-setting meeting last month, China’s top leaders pledged to focus on stabilizing the economy and keeping growth within reasonable limits in 2022.
Exports rose 20.9% year-on-year last month after rising 22% in November 2021, customs data showed on Friday. Analysts in a Reuters poll had expected a 20% increase in exports.
China’s fast-growing exports outperformed expectations for 2021 and saw growth spurt as many other sectors, but shipments slowed as overseas spurts in demand from easing goods and higher cost pressures exporters. has gone.
Imports rose 19.5% year-on-year in December, customs data showed, decelerating sharply from a forecast 26.3% increase and a 31.7% increase in November.
China posted a trade surplus of $94.46 billion last month, while the survey estimated a surplus of $74.50 billion. China recorded a surplus of $71.72 billion in November.
For all of 2021, total exports grew by 29.9% compared to a 3.6% gain in 2020. Imports rose 30.1% for the year, after falling 1.1 percent in 2020.
The world’s second largest economy has staged an impressive recovery from the pandemic, but there are signs the momentum is flagging. An asset slowdown and tighter COVID-19 curbs are among the headwinds tarnishing the outlook for 2022.
The official Xinhua news agency cited a meeting of the State Council chaired by Premier Li Keqiang in late December as saying that the country would formulate more policies to help exporters and ease the pressure of international logistics problems.
China’s deputy commerce minister said on December 30 that the country would face unprecedented difficulty in stabilizing foreign trade in 2022, amid a less favorable base of comparison among other exporters as other exporters ramp up production.
At a major agenda-setting meeting last month, China’s top leaders pledged to focus on stabilizing the economy and keeping growth within reasonable limits in 2022.
,