China deflationary spiral sets in dragging down demand..new data.
#8

need two sides of the data, to learn China through the west media alone cannot tell the
whole story.

https://www.msn.com/en-us/money/markets/...r-AA1mQ3CF
BEIJING — China's annual exports fell for the first time in seven years in 2023, even as shipments in December beat expectations, customs data showed Friday.

Exports rose by 2.3% year on year in U.S. dollar terms last month, more than the 1.7% increase forecast by a Reuters poll.

Imports rose by 0.2% in December from a year earlier in U.S. dollar terms. That's slightly less than the 0.3% increase expected by analysts polled by Reuters.

But for 2023, exports fell 4.6%, the first such annual drop since a 7.7% decline in 2016, according to Wind Information.

https://english.news.cn/20240112/654914b...6af/c.html
The country's total imports and exports of goods expanded 0.2 percent year on year to 41.76 trillion yuan (about 5.88 trillion U.S. dollars) in 2023, the General Administration of Customs (GAC) said Friday.

Exports grew 0.6 percent year on year to 23.77 trillion yuan, while imports edged down 0.3 percent from a year earlier to 17.99 trillion yuan, the data showed.

the General Administration of Customs (GAC) v
Wind Information
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