China’s exports and imports were weakened in January and February

reports Mehr News Agency . The percentage increases and imports will rise. China’s overall trade surplus has reached $ 1.5 billion in the first two months of the year.

The Chinese Customs Agency usually publishes commercial data for January and February to prevent any distortion of speeds from the New Year’s Eve holidays.

Julian Evans-Pricard of Capital Exonomics said that export growth in the first two months of the year. The previous one has raised demand less than we anticipated. According to the economist, the decline in speeds will occur before any significant impact on the tariffs, which will almost certainly lead to a sharp decline in shipments to the United States. Evans Pritcard Span> said reduced import speed indicates that increased demand due to government expenses was partially reversed late last year.

This week, the second 5 % increase in tariffs imported from China by US President Donald Trump, and will probably hurt China’s exports in the coming months. Chinese buyers and suppliers were somewhat rushed to defeat this increase in import tolls.
Chinese officials have strongly criticized the increase in tariffs, but have also stated that the economy is flexible and that trade with other countries can help offset any reduction in exports to the United States after tariffs. They have also said that they are ready to dialogue based on mutual respect.
Last year, exports to China helped China achieve its target economic growth rate of 5 %. Despite the uncertainty about the prospect of trade this year, the government has again set the target about 2 %.
Exports to the United States increased by 4.9 percent annually in January to February, while exports to the European Union and Japan increased by only 4.9 percent and 4.9 percent, respectively. Exports to Russia have fallen by 4.9 percent. The Southeast Asian Association, Assean , remained the largest trading partner in China, with a 4.9 percent increase in cargo compared to last year.