• August 30, 2014

China’s December exports slow

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Posted: Friday, January 10, 2014 4:30 am

BEIJING (AP) — China’s export growth slowed in December while imports accelerated, possibly helping to temper fears of a slowdown in the world’s second-largest economy.

Exports rose 4.3 percent to $207.7 billion, slowing from November’s 12.7 percent expansion, trade data showed Friday. Imports rose 8.3 percent to $182.1 billion, up from the previous month’s 7.6 percent.

Stronger exports might be a sign China’s domestic demand is relatively robust despite concerns a modest economic recovery is weakening.

“The world economy still is in a period of adjustment. Although there are signs of recovery, the foundation is still not solid,” said a spokesman for the national statistics bureau, Zheng Yuesheng, at a news conference.

“Our country’s economic development was stable overall,” he said, but added, “China’s foreign trade enterprises face a complex and fickle domestic and international environment.”

China’s economic growth tumbled to a two-decade low of 7.5 percent in the second quarter. It rebounded to 7.8 percent the following quarter but private sector analysts said recovery is likely to fade.

For the full year, China’s global trade surplus widened by 12.6 percent to $260.2 billion.

© 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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