Dismal Year for Chinese Exports as Beijing Faces Trump Trade Threats

There was gloomy data from the world’s largest trading nation as Chinese exports fell last year with international demand for its goods weakening.

That news comes amid fears of a trade war with the United States under the Trump administration.

For all of 2016, exports were down 7.7 percent. It is the second annual decline in a row, in 2015 they fell 2.8 percent. And it was the worst since the 16 percent fall in 2009 during the depths of the global economic crisis. Last year imports were down 5.5 percent.

China’s December exports fell by a more-than-expected 6.1 percent on-year, while imports beat forecasts slightly, growing 3.1 percent on its strong demand for commodities. 

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Source: euronews.