China's trade boom slows

China's trade boom slows

In December, China's exports and imports surge slowed having ascended in the previous month, thus contributing to indications of ebbing economic momentum because the country’s authorities extend a crackdown on financial risks as well as factory pollution.

A synchronized leap in the global economy for the last year has been a boon to this Asian country and also much of trade-dependent Asia, with China’s exports in 2017 soaring at their fastest pace for four years.

The steep December imports slowdown is driving worries that the world's number two economy experiences domestic-demand pressure because the government turns off cheap credit and limits speculative financing.

In December, exports tacked on 10.9% from 2016, surpassing experts’ estimate of a 9.1% jump, although cooling from a firm 12.3% revenue in November, as the General Administration of Customs informed on Friday.

Notwithstanding the December slowdown, the overall picture for last year definitely underscored firm global appetite for China’s products ranging from household appliances, electronics as well as a vast range of consumer goods.

Similar

Latest news

Evergreen buck heads north

On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…

Gold ascends on Brexit jitters

On Tuesday, gold rallied because uncertainty over the latest developments in Britain’s departure from the EU backed safe haven demand and traders looked ahead for American inflation data to underpin the Fed’s pledge to remain on hold…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera