China trade pres­sure

Geelong Advertiser - - BUSINESS BEAT -

CHINA’S gov­ern­ment has re­ported ex­ports rose 7.1 per cent in 2018 as a trade bat­tle with Wash­ing­ton in­ten­si­fied, while im­ports were up 12.9 per cent.

Yes­ter­day’s an­nounce­ment comes as Bei­jing tries to re­verse a de­cline in eco­nomic growth amid a po­ten­tial fall-off in Amer­i­can orders for Chi­nese goods fol­low­ing Pres­i­dent Don­ald Trump’s tar­iff hikes in the fight over China’s tech­nol­ogy am­bi­tions.

Chi­nese ex­porters also face pres­sure from cool­ing con­sumer de­mand in other global mar­kets.

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