{"id":6305,"date":"2019-01-14T09:13:38","date_gmt":"2019-01-14T09:13:38","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/chinas-exports-saw-biggest-fall-for-two-years-in-december\/"},"modified":"2019-01-14T09:13:38","modified_gmt":"2019-01-14T09:13:38","slug":"chinas-exports-saw-biggest-fall-for-two-years-in-december","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/chinas-exports-saw-biggest-fall-for-two-years-in-december\/","title":{"rendered":"China&#8217;s exports saw biggest fall for two years in December"},"content":{"rendered":"\n<div property=\"articleBody\">\n<figure class=\"media-landscape no-caption full-width lead\"><span class=\"image-and-copyright-container\"><\/p>\n<p>                <img loading=\"lazy\" decoding=\"async\" class=\"js-image-replace\" alt=\"Chinese container port\" src=\"https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/2D07\/production\/_105172511_dkfyuyur.jpg\" width=\"976\" height=\"549\"\/><span class=\"off-screen\">Image copyright<\/span><br \/>\n                 <span class=\"story-image-copyright\">AFP<\/span><\/p>\n<p>            <\/span><\/p>\n<\/figure>\n<p class=\"story-body__introduction\">Chinese exports saw the steepest fall for two years in December, according to the latest trade figures.<\/p>\n<p>Exports from China fell 4.4% last month compared with the year before, while imports fell 7.6%.<\/p>\n<p>The figures indicate a further weakening in the strength of the world&#8217;s second biggest economy and sent Asian stock markets lower on Monday.<\/p>\n<p>Other data released on Monday showed the country&#8217;s trade surplus with the US reached a record high in 2018.<\/p>\n<p>The gap between what it exports to and imports from the US rose by 17.2% to $323.32bn (\u00a3252bn) last year. <\/p>\n<p>China&#8217;s success in selling its products overseas has particularly irked US President Donald Trump, who has initiated a trade war with China to try to hold back exports.<\/p>\n<p>This prompted companies to push through exports to try to beat the introduction of tariffs, so called &#8220;front loading&#8221;.<\/p>\n<p>After almost a year of tariffs being introduced on a growing list of Chinese products &#8211; with China reacting in kind &#8211; <a href=\"https:\/\/www.bbc.co.uk\/news\/business-46818938\" class=\"story-body__link\">the two leading nations began talks last week<\/a> designed to end the conflict.<\/p>\n<ul class=\"story-body__unordered-list\">\n<li class=\"story-body__list-item\"><a href=\"https:\/\/www.bbc.co.uk\/news\/business-46819099\" class=\"story-body__link\">Three things the US and China will never agree on<\/a><\/li>\n<li class=\"story-body__list-item\"><a href=\"https:\/\/www.bbc.co.uk\/news\/business-46755158\" class=\"story-body__link\">How worrying is China&#8217;s slowdown?<\/a><\/li>\n<\/ul>\n<h2 class=\"story-body__crosshead\">&#8216;Eye-catching&#8217; deterioration<\/h2>\n<p>Falling demand in China itself is having a marked effect on certain companies.<\/p>\n<p>Earlier this month, <a href=\"https:\/\/www.bbc.co.uk\/news\/business-46748972\" class=\"story-body__link\">Apple warned that its revenues would be lower than expected<\/a>, partly due to the slowdown in China. Carmaker Jaguar Land Rover has also been hit by weaker sales in China.<\/p>\n<p>December&#8217;s trade figures suggest the economy may be slowing faster than feared.<\/p>\n<p>Freya Beamish, Asia economist at Pantheon Macroeconomics, said: &#8220;The extent of deterioration in trade in both exports and imports was eye-catching; both dropped further&#8230; in December, after a substantial drop in November.<\/p>\n<p>&#8220;Some pull-back was warranted in recent months, after front-loading of purchases ahead of the series of tariffs hikes. But trade now is now well below the previous trends.&#8221;<\/p>\n<p>The Chinese authorities have recently been taking action to try to boost growth, releasing money to be spent on infrastructure and cutting taxes. <\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bbc.co.uk\/news\/business-46861444\">Source<\/a> by <a href=\"\">[author_name]<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Image copyright AFP Chinese exports saw the steepest fall for two years in December, according to the latest trade figures. Exports from China fell 4.4% last month compared with the year before, while imports fell 7.6%. The figures indicate a further weakening in the strength of the world&#8217;s second biggest economy and sent Asian stock &hellip; <\/p>\n","protected":false},"author":0,"featured_media":6306,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6305","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/6305","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=6305"}],"version-history":[{"count":0,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/6305\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media\/6306"}],"wp:attachment":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=6305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=6305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=6305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}