{"id":3450,"date":"2023-05-18T10:21:35","date_gmt":"2023-05-18T02:21:35","guid":{"rendered":"https:\/\/findenchina.com\/?p=3450"},"modified":"2023-05-18T10:21:35","modified_gmt":"2023-05-18T02:21:35","slug":"china-trade-slowing-exports-to-bottom-out-in-late-2023-amid-increasingly-clear-weak-demand","status":"publish","type":"post","link":"https:\/\/findenchina.com\/ja\/china-trade-slowing-exports-to-bottom-out-in-late-2023-amid-increasingly-clear-weak-demand\/","title":{"rendered":"China trade: slowing exports to bottom out in late 2023 amid \u2018increasingly clear\u2019 weak demand"},"content":{"rendered":"
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China\u2019s exports rose by 8.5 per cent in April compared with a year earlier, while imports fell by 7.9 per cent last month. Photo: AP<\/div>\n<\/div>\n<\/div>\n
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China\u2019s overseas shipments are set to struggle further, analysts said, after exports grew at a slower pace in April despite a coronavirus-induced low base last year, with the slowdown of imports further accelerating, adding to the uncertainties over the post-Covid economic recovery.<\/p>\n<\/div>\n

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Exports beat expectations and rose by 8.5 per cent last month from a year earlier to US$295.42 billion, down from a surprising\u00a014.8 per cent increase in March,<\/span><\/a><\/span>\u00a0according to data released by China Customs on Tuesday.<\/p>\n<\/div>\n

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Imports, meanwhile, fell short of expectations and shrank by 7.9 per cent in April from a year earlier to US$205.21 billion, down further from a fall of 1.4 per cent in March, amid weak demand and lower commodity prices.<\/p>\n<\/div>\n

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It seems increasingly clear that the global economic slowdown is weighing on China\u2019s exportsIris Pang<\/span><\/h2>\n<\/div>\n
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\u201cIt seems increasingly clear that the global economic slowdown is weighing on China\u2019s exports,\u201d said Iris Pang, chief economist for Greater China at ING.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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\u201cFalling imports \u2013 an input for future exports \u2013 suggest that a further deterioration of exports in the coming months is highly likely.<\/p>\n<\/div>\n

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\u201cIt is looking more likely that, in response, the government will step in to support the manufacturing sector\u2019s labour market through fiscal stimulus.\u201d<\/p>\n<\/div>\n

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The weak trade data is consistent with April\u2019s official manufacturing purchasing managers\u2019 index, which\u00a0fell to 49.2<\/span><\/a><\/span>\u00a0having remained above the 50-point mark separating expansion and contraction for the first three months of the year.<\/p>\n<\/div>\n

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