According to official data, China's export growth exceeded the expectations of the analysts in March. The Chinese factories had quickly delivered as many goods as possible before the recent US tariffs come into force.
The Chinese exports rose by 12.4 percent in the year and thus clearly exceeded the expectations of the economists surveyed by Reuters. The economists had expected 4.4 percent growth. In the period January – February, exports had increased by 2.3 percent.
Imports to China decreased by 4.3 percent at the same time. The economists surveyed by Reuters had expected a decline of 2.0 percent. At the beginning of the year, the Chinese imports decreased by 8.4 percent.
The escalating trade conflict between China and the United States threatens to slowly slow down the world's second largest economy. The world trade organization (WTO) warned that the highly explosive trade between China and the United States could restrict goods traffic between the two economies by up to 80 percent and significantly impair global growth.
Goldman Sachs reduced his forecasts for Chinese GDP growth 2025 from 4.5 percent last week and referred to the effects of tariffs. Citi reduced its forecast to 4.2 percent from 4.7 percent two days earlier. The revised forecasts are significantly below the growth target of the Chinese government of “around 5 percent”.
China's commercial balance sheet surplus was $ 102.64 billion in March and thus slightly lower than in December ($ 104.8 billion), the last comparison value, but approximately at the level of the previous year.
