China's trade statistics for January and February were announced this year, and exports to Europe and the United States continued to decline, resulting in a decline in exports of more than 6% compared to the same period last year, and an economic recovery. It has become a burden for
According to trade statistics for January and February, released by the Chinese customs authorities on the 7th, exports in dollar terms fell 6.8% compared to the same period last year.
China's exports have been negative since October last year.
This is mainly due to the continued decline in exports to the United States and the EU (European Union), where there is growing concern about an economic slowdown, and the decline in exports of personal computers, home appliances, and clothing by item.
In China, following the end of the "Zero Corona" policy, which entails strict restrictions on movement, there are signs of a recovery in consumption in the service industry, but a decline in exports is a burden on the economic recovery.
In addition, the value of imports also fell sharply by 10.2% compared to the same period last year, which seems to reflect the fact that the recovery in domestic demand still lacks strength.
On the other hand, with Russia, the total trade value, including exports and imports, increased significantly by 25.9% compared to the same period last year. Vigorous trade continues.