Chinese exports to US fall 20.7% in February
Experts had predicted a reduction of 5%. It is the first clear sign of the impact of the tariff war with the United States. But there is also the influence of a slowdown in the global economy.
Beijing (AsiaNews / Agencies) - Last February, Chinese exports to the US fell by 20.7%, the biggest collapse in the last three years. For experts this is a clear sign of the impact of the tariff war on Beijing's economy.
The decline in exports is greater than all forecasts, within a more global reduction in trade with the US. Various experts had predicted a 5% reduction.
Imports from the US to China decreased by 19.9% to a value of 7.9 billion US dollars (in January the volume was 9.2 billion).
China's trade surplus also fell: in January it was 39.16 billion; in February it fell to 4.1 billion.
The fall in exports linked to US-China tensions adds to a widespread slowdown in the global economy. But several Chinese economists point to the need for economic and political reforms, the delay of which is causing a heavy loss to China's accounts. Among these is the courageous economist Xiang Songzuo.