BEIJING, 13 JAN – China recorded a trade surplus of 78 billion dollars in December, down from 93.7 billion in the same month of 2021, but better than the 76.2 billion expected by analysts on the eve. According to data from Chinese Customs, exports recorded an annual drop of 9.9% (estimates were at -10% after -8.7% in November), down for the third month in a row with the weak international demand for high inflation and supply chain disruptions. Import crash for the third consecutive month: -7.5% (a -9.8% was expected after -10.6% in November), discounting the drop in domestic demand with the wave of Covid infections. (HANDLE).
Leave a Reply