Deflationary pressures are persisting in China, where consumer prices fell a third consecutive month, though exports grew.
BUSINESS
China imported 9.82 mln tonnes of soy in December
China, the world’s largest soy buyer, imported 9.82 million tonnes of soybeans in December, up 24.0 % from 7.92 million tonnes in November, figures from the General Administration of Customs of China …
Exclusive: China’s Harvest Fund cuts Hong Kong staff in pullback from offshore business, sources say
Harvest Fund Management, which manages $210 billion in assets, has laid off more than one-third of its staff at its Hong Kong unit as the leading Chinese asset manager pulls back from foreign business …
China’s annual exports drop for the first time in seven years
China’s exports beat expectations in December, but failed to offset an overall decline for 2023, customs data showed Friday.
China-US Trade Fell For The First Time In Four Years In 2023: Official Data
China-US trade fell for the first time in four years in 2023, official data from Beijing showed Friday, as geopolitical tensions between the world’s two largest economies soared.
China’s exports rise, but deflation persists as economy enters 2024 on shaky footing
China’s exports grew at a faster pace in December, while deflationary pressures persisted last month, keeping alive expectations for more policy easing measures to shore up an economy carrying …
China’s Dec exports rise 2.3%, imports up 0.2%
China’s exports rose 2.3 percent in December from a year earlier, while imports increased 0.2 percent, customs data showed on Friday. A Reuters poll of economists had forecast a 1.7-percent increase …
China’s 2023 coal imports hit record on rising demand, high domestic prices
BEIJING, Jan 12 (Reuters) – China’s coal imports surged 61.8% to a record high in 2023, customs data showed on Friday, as demand for commodities rebounded after the COVID-19 pandemic while users …
China’s 2023 crude oil imports hit record as fuel demand recovers
China’s annual crude oil imports hit an all-time high in 2023, customs data showed on Friday, as fuel demand recovered from a pandemic-induced slump despite economic headwinds.
China’s exports rise 2.3% in December amid uneven recovery
China’s exports grew slightly for a second consecutive month in December even as deflationary pressures continue, according to official data released Friday, underscoring an uneven recovery in 2023.
China’s exports slump for the first time in seven years
China’s full-year exports fell for the first time since 2016 as global demand slowed. Exports measured in US dollar terms stood at $3.38 trillion in 2023, down by 4.6% compared to the year before, …
China Commodities Imports Bounce Back But Challenges Persist
China’s commodities imports bounced back in 2023, including record hauls of crude oil, coal, copper ore and iron ore, after the pandemic ravaged demand in the previous year. (Bloomberg) — China’s …
China 2023 copper imports fall as domestic output rises
China’s copper imports declined 6.3 per cent in 2023, customs data showed on Friday, as domestic production increased and a firmer U.S. dollar raised import costs. Imports of unwrought copper and …