(Beijing Comprehensive News) The amount of import and export trade in the first two months of China continued to decline, and the economic prospects of China's economic prospects that began to get rid of the impact of the crown disease.
Comprehensive Bloomberg and Reuters reported that data released by the General Administration of Customs on Tuesday (March 7) showed that exports from January to February decreased by 6.8%year -on -yearNarrow is also better than 9%of the forecast of economists.At the same time, imports were shrinking by 10.2%year -on -year, much higher than 7.5%in December last year and 5.5%predicted by the economist.
imported drama drops are mainly due to non -domestic demand weakening, the price of the product is a soft dollar stronger
Economist said that the main reason for the significant decline in imports is that the prices of commodities have softened and the US dollar stronger, not signs of weakening domestic demand.China generally announces the trade data from January to February of each year to weaken the influence of the New Year holiday factors of the lunar calendar.
Zhou Hao, the chief economist of Guotai Junan, said: "China’ s trade data by 2023 is half -mixed, and the overall trend is still weak. "
The world's demand for Chinese goods at the end of 2022 has begun to decline. The reason is that inflation and rising interest rates in other parts of the world have affected consumer expenditure.In the past two years, exports have been an important pillar of China's economic growth, which has helped offset the decline in domestic consumption due to the prevention and control of the epidemic and consumer confidence.
Data also shows that the import of crude oil from January to February decreased by 1.3%year -on -year; but analysts pointed out that the acceleration of imports in February shows that Beijing's fuel demand is rebounding after the cancellation of epidemic prevention and control measures.Due to the low price, Chinese state -owned refineries increased the import of crude oil in Middle East in February and purchased a large amount of discounted crude oil from Russia.
In addition, China's iron ore imports increased by 7.3%year -on -year.Data show that China is the world's largest iron ore consumer country. It imported 194 million tons of iron ore from January to February, compared with 181.1 billion tons in the same period in 2022.