General view of the container station in Qianuan from the port of Qingdao, a port in Shandong Province, China, March 17, 2023.
CFOTO | Future publishing Gety pictures
Chinese export data showed more than expected at the beginning of the year, and data from the Customs Authority showed on Friday, as the higher American definitions partially compensate for momentum in the rare bright point in the country.
Exports increased from January to February 2.3 % in US dollars one year ago, which are much less than an increase of 5 % in a Reuters poll..
Which is compared with growth 10.7 % in December6.7 % in November, 12.7 % in October, after a smooth increase of 2.4 % in September.
Customs data showed that imports decreased by 8.4 % year on an annual basis in the first two months of 2025. Analysts expected that imports would expand by 1 % on an annual basis.
This followed a modest increase of 1.0 % in December after sharp declines by 3.9 % in November and 2.3 % in October, in a sign of this Motivation measures were launched in Beijing late last year It helped support some sectors in the economy.
The Chinese exporters have been rushing to the external shipments of films since late last year, watching more customs tariffs when US President Donald Trump returned to the White House.
The first round of Trump entered the 10 % high tariffs on Chinese goods on February 4, followed Another 10 % tariff increased Rolling after only one month, the cumulative fees reached 20 %.
China took revenge on An additional tariff for the United States' selected goodsIncluding energy and agricultural products, while restricting exports of some critical minerals needed by the United States.
Customs Agency publishes joint commercial data during the first two months due to the distorted effects of the slow charging season usually during the lunar day's holidays, which fell in late January this year.
Despite the escalating identification tensions, Chinese leadership this week Set an ambitious growth goal of about 5 % This year, with the recognition of the weak domestic demand by controlling the purpose of inflation To the lowest level in decades.
Beijing support
The pressure on Chinese officials was built to launch more powerful motivation measures to support local consumption and the housing sector, while reducing the economy's dependence on exports and investment.
Exports contributed nearly a quarter of GDP in China last year, as the United States became the largest commercial partner on the basis of one country.
When Trump began his second term, he ordered his administration to investigate Beijing's compliance with a commercial agreement that highlighted him during his first presidency in 2020. The final result of the evaluation will be It was delivered to Trump by April 1Economists said that it is possible to put the way for more customs tariff procedures.
Since last year, Beijing has sought to enhance consumption using commercial subsidies to encourage the purchases of selected goods. In January, the authorities expanded the trade program to include smartphones and more home appliances.
As part of an expanded financial package, Chinese leaders pledged at an annual parliamentary meeting this week by an additional 300 billion yuan of treasury bonds to support support for consumers.
