China: Exports expected to contract around 3.0% in 2023 – UOB

Ho Woei Chen, Economist at UOB Group, comments on the recently published trade balance results in the Chinese economy.“In USD terms, exports and imports extended their declines in Jan-Feb, marking continuous declines since 4Q22.”

“Meanwhile, imports may be boosted by China’s efforts to expand domestic consumption and an expected recovery in the economy this year.” If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

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