China's exports are gaining momentum: financial experts see a positive trend despite global challenges.

China's exports are gaining momentum: financial experts see a positive trend despite global challenges.

According to a report by www.wort.lu, there is good news for sluggish global trade. China's exports gained momentum in December, with exports increasing 2.3 percent compared to the same month last year. Contrary to experts' expectations, the increase was stronger. At the same time, imports rose by 0.2 percent in December. Although China's foreign trade year 2023 was difficult overall, there were still some positive developments.

Chinese exports to Germany and the USA fell in December compared to the same month last year, while trade with Russia increased. Nevertheless, uncertainty regarding the economic situation in China remains. The simmering real estate crisis, weaker consumption and geopolitical tensions continue to pose major challenges.

German-Chinese trade relations also reflect the changes. China is the European Union's most important trading partner, with goods worth 696 billion euros traded between China and the EU in 2021. However, it remains to be seen how weak consumer demand and crisis of consumer confidence in China will affect exports and imports.

Consumer prices in China fell again in December, pointing to weak consumer demand and entrenching deflation. The figures show that the economic weakness in China will continue for the time being, although the development appears to be positive.

Despite the positive development of China's exports and imports, uncertainty remains due to geopolitical tensions and economic challenges. It will be crucial to monitor price and volume developments to better understand the impact on global trade and the financial sector. Deflation and weak consumption can have long-term effects on economies, so it is important to monitor these developments carefully.