Focus topics


Feature
•

Foreign trade crashes

Empty terminals – and the containers are also often without cargo: the underutilized port of Ganzhou City in the Province of Jiangxi.
Chinese exports saw a massive drop in November, worse than at any point since the beginning of the Covid pandemic in February 2020. The numerous lockdowns, but also a weak global economy caused by Russia’s war of aggression, have played a role here. The massive decline also hits the German economy hard.
By
Felix Lee
Image of Felix Lee

Most economists were well aware that China’s economy is not in the best of shape, considering the numerous lockdowns throughout the country. But the magnitude still surprised many: Last month, China’s foreign trade suffered the worst slump since the start of the Covid pandemic in February 2020. It dropped by 9.5 percent year-on-year, according to the General Administration of Customs. The deficit in exports was minus 8.7 percent, while imports fell by as much as 10.6 percent.

Continue reading now

… and get free access to this Professional Briefing for a month.

Continue free reading

Are you already a guest at the China.Table? Log in now

Related

    Outrage and jokes about a balloon
    China’s downed balloon leaves a lot of hot air
    Upswing drives gas and oil demand
    Tibet’s children forget their language
Be our guest at the China.Table. Try it for free now, no automatic renewal.
Try it for free