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Domestic Shipping
China exports down 9.9pc, biggest drop in 3 years
Date:2023-01-27 Readers:
CHINA's exports fell 9.9 per cent year on year in December, the sharpest decline in three years, reports Reuters.

The drop is worse than November's 8.7 per cent fall but is outperforming expectations of an even greater contraction.

Imports dropped 7.5 per cent in December, and are up from a 10.6 drop the month before.

For the full year, China's trade surplus hit $878 billion on the back of a Covid crisis-era boom that boosted its exports.

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