Exports from China in January 2019 increased in dollar terms by 9.1% compared to the same period in 2018 after a decrease of 4.4% in December.
According to the Country’s General customs administration, the decline in Chinese imports slowed from 7.6% to 1.5% in the reporting month.
The positive balance of trading balance of China has decreased in January to $of 39.16 billion from $57,06 billion in December, but it was twice the $18,42 billion recorded in January 2018.
At the same time, the index of business activity (PMI) in China’s processing industry in January 2019 increased in January 2019 to 49.5 points from 49.4 points in December. Thus, the indicator grew, but remained below the border between growth and weakening of business activity. At the same time, the December value of industrial PMI was the lowest since February 2016.
Recall, China’s economy at the end of 2018 added 6.6%, slightly slowing growth compared to 2017, when the country’s GDP grew by 6.7%.