China’s foreign trade drops – FAZ – Frankfurter Allgemeine Zeitung

The financial district in Shanghai

China’s foreign trade in January declined more than expected. As the customs authorities in Beijing announced on Monday that exports decreased compared to January of the previous year by 6.6 percent to 1.14 trillion yuan (155 billion euros). After exports had recovered the first time in December in months, analysts had only expected a decline of 3.6 percent. Imports also remained a decline of 14.4 percent to 737.5 billion yuan (100.14 billion euros) fell short of expectations. The trade surplus, ie the difference between exports and imports, thus rose to 406.2 billion yuan (55.16 billion euros).

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on China’s stock exchanges, went after a week break due to the Chinese New Year on Monday initially also down. After stock markets caved in last week worldwide, recorded the benchmark index in Shanghai in the morning at 2719 points around 1.6 percent in the red.

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