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    Home » China’s Jan-Feb Exports Growth Eases, Ukraine War Poses Major Risks
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    China’s Jan-Feb Exports Growth Eases, Ukraine War Poses Major Risks

    March 7, 20221 Min Read
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    Chinese worker watches a container being lifted at the Port of Qingdao in Qingdao city, east Chinas Shandong province, 30 October 2012.
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    China’s export growth eased in the January-February period driven by base effects, but Russia’s invasion of Ukraine has increased risks over the global trade outlook this year.

    • Outbound shipments surged 16.3% in the first two months of the year from the same period, a year ago. The figures beat analyst expectations for a 15% jump but were down from a 20.9% gain in December.
    • Imports rose 15.5% cooling down from a 19.5% gain in December and came below a forecast of 16.5% increase.
    • Factory activity usually eases considerably during the long holiday as workers move to their rural towns.
    • Meanwhile, for the third consecutive year, many factory workers did not travel to their hometowns due to the concerns of COVID-19, which kept some factories open.

    China’s booming exports beat expectations for last year and boosted growth in the world’s second-largest economy.

    CSI 300 Index down -3.19%, CNY USD down -0.02%

    Source: National Bureau of Statistics of China

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    China China`s indastry COVID-19 Russian-Ukrainian war
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