Consumer prices in China fell for the third straight month in December highlighting the risk of deflation, while exports expanded more than expected despite the weak global trade.
Economist Yu Yongding says China should be aware of the US debt crisis and Washington’s ‘weaponising’ of the US dollar, and cut its Treasury holdings and maintain a ‘balance’ of trade with the rest of the world.
China's exports posted a surprise growth in November, which was largely due to the low base of comparison, while imports dropped unexpectedly suggesting that overall trade remains sluggish.
China's exports declined at a slower pace in August as the weaker yuan made shipments more competitive and imports decreased less than expected on improving commodity demand, official data revealed on Thursday.
Corrects first para China's exports declined more than expected in June on weak global demand, data released by the General Administration of Customs showed on Thursday.