China exports fall; 1st time in 7 years

By Agence France-Presse

Jan 13, 2024 12:22 am

BEIJING: China's exports fell last year for the first time in seven years, data showed Friday, as tensions with the United States and a stuttering global economic recovery compound Beijing's struggles to kickstart growth at home.

Overseas shipments have traditionally been key to feeding GDP expansion over the past four decades, and the figures, which came as a separate report, showed the country in danger of slipping into a deflationary spiral that could further complicate officials' plans to stimulate activity.

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