Sharjah24 - AFP: China reported on Monday that its exports rose by 12.4% in March compared to the previous year, more than doubling analysts’ expectations, even as the country faces intensifying trade tensions with the United States. Imports, however, declined by 4.3% during the same period, according to the General Administration of Customs.
The export surge came as China’s leaders reaffirmed their commitment to a 5% growth target for 2025, highlighting domestic demand as the primary economic driver. Despite this, the economic recovery remains fragile, hindered by sweeping US tariffs on Chinese goods that took effect this month.
The US and China have been engaged in a tense tariff standoff since Washington imposed steep duties on a wide range of Chinese imports. Beijing responded with its own levies. However, the US recently eased some pressure by exempting items like smartphones and semiconductors.
Economists noted that the March export jump may have been due to companies rushing shipments before tariffs took effect. They warned that exports could weaken in the months ahead amid persistent uncertainty and ongoing domestic challenges in consumption and real estate.
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