This article was first published on Orbex Forex Trading Blog.
- -
This content is synced from the rightful owners. Copyright on text and images belong to the original source.
- -

China

Following far weaker than expected December manufacturing data, which highlighted the negative impact of the trade war, import and export data for the month has now indicated further weakness.

Chinese exports fell 4.4% year over year while imports fell 7.6% year over year in December. Both these figures were well below market forecasts of +2.5% and 0% respectively, with the exports sector marking its most significant decline in two years.

Trading the news requires access to extensive market research - and that's what we do best. Open your Orbex account now.

Foreign Firms Shunning Chinese Components

The breakdown of the data shows weakness in commodity energy goods, such as coal and crude oil, however, significant declines were also seen in some electronics goods ranging from iPhones to automobile parts. Indeed, reductions in electronics were even more severe in the import data.

These latest declines reflect the growing concern that some firms are beginning to actively avoid Chinese ele...


--
To keep reading this article, please navigate to: Orbex Forex Trading Blog.