China’s exports slump less than expected in December

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China’s exports slump less than expected in December
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Strong exports bolstered China's economy in the last two years. But economists anticipate a slowdown in demand from the U.S. and Europe.

Cargo ships dock at the container terminal in Lianyungang Port, East China's Jiangsu province, Dec 7, 2022.BEIJING — China's exports and imports fell less than expected in December, the customs administration said Friday.2 days ago

China's exports fell by 9.9% in December from a year ago in U.S.-dollar terms, slightly better than the 10% decline forecast by a Reuters' poll. China's imports fell by 7.5% year-on-year in December in U.S.-dollar terms, also better than the 9.8% decline predicted by Reuters.

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