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Exports to the U.S. market rose 21.1% to $56.4 billion while imports of American goods edged up 3.3% to $17.1 billion.This month, China’s global export volumes are likely to weaken due to congestion at ports where anti-coronavirus restrictions are imposed and to changes in global demand as shippers clear backlogs, said Julian Evans-Pritchard of Capital Economics.“We’d still bet on export volumes being lower rather than higher by the end of this year,” said Evans-Pritchard in a report.Chinese imports in 2021 rose 30.1% to $2.7 trillion as the world’s second-largest recovery rebounded from the pandemic.Economic growth weakened in the second half of the year as Beijing carried out a campaign to reduce what it sees as dangerously high debt in the real estate industry, but consumer spending was above pre-pandemic levels.Manufacturing activity edged higher in December but new export orders contracted, according to survey earlier by the government statistics bureau and an industry group, the China Federation of Logistics & Purchasing.Chinese exporters benefited from being allowed to resume most normal business in early 2020 while foreign competitors faced anti-coronavirus restrictions on travel and trade.
As said here by Joe McDonald/AP