5 min
Chinese exports beat analysts expectations Money Talks
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- Business
April saw an 8.5% increase in China's exports, a sign that the country's main source of economic growth has bounced back after years of pandemic lockdowns. April's numbers beat analyst expectations of 8% but were down from the 14.8% rise seen in March. Goldman Sachs forecasts China's economy to expand by 6% for 2023, but the pace of activity is set for a slowdown in the second half of this year. Beijing is keen to see these numbers go up and will be offering cheaper credit and infrastructure spending to make it happen. A return to normalcy in China could also be good news for the rest of the world, where cheaper Chinese imports could help dull the sting of inflation.
#ChinaExports #ChinaEconomy #ChinaInflation
April saw an 8.5% increase in China's exports, a sign that the country's main source of economic growth has bounced back after years of pandemic lockdowns. April's numbers beat analyst expectations of 8% but were down from the 14.8% rise seen in March. Goldman Sachs forecasts China's economy to expand by 6% for 2023, but the pace of activity is set for a slowdown in the second half of this year. Beijing is keen to see these numbers go up and will be offering cheaper credit and infrastructure spending to make it happen. A return to normalcy in China could also be good news for the rest of the world, where cheaper Chinese imports could help dull the sting of inflation.
#ChinaExports #ChinaEconomy #ChinaInflation
5 min