China's exports rise 10.7% in December as factories prepare for potential U.S. tariffs

thehindu.com

China's exports rose 10.7% in December, surpassing expectations of 7% growth. This increase comes as factories rush to fulfill orders before potential higher U.S. tariffs under President-elect Donald Trump. Imports grew by 1%, against a forecasted decline. China's total trade value reached a record 43.85 trillion yuan (nearly $6 trillion), up 5% from last year. Exports of high-tech products, including electric vehicles and industrial robots, saw significant growth. However, imports lagged behind due to lower commodity prices and trade restrictions. Chinese officials emphasized efforts to expand trade with countries involved in the Belt and Road initiative, which accounted for half of China's total trade last year. They also noted a nearly 5% increase in trade with the U.S., despite ongoing tensions.


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