class=”sc-29f61514-0 fQbOYE”>
The imports of the second largest economy, on the other hand, decreased by 6.8 percent to 215 billion dollars. Both values were worse than expected by analysts. Foreign trade had already cooled in the previous months.
The main reason for the sharp decline in Chinese exports is the weak momentum in world markets. High inflation, high interest rates and high energy prices as a result of the war in Ukraine also affect demand for “Made in China” products.
The weakness in imports is due to the weak domestic market in the People’s Republic. The economic recovery there after the end of the corona epidemic fell short of expectations. (SDA)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
