China’s exports topped more

China’s exports jumped more than expected in March, as companies have downloaded external charges to avoid banned US tariffs, while imports extended declines with the continued slow domestic demand.

Exports jumped by 12.4 % last month in US dollars from the previous year, according to the data issued by the Customs Authority on Monday, as Reuters reconnaissance estimates exceeded 4.4 % growing and distinguishing the largest jump since October last year.

Imports decreased by 4.3 % in March of the previous year, compared to the expectations of economists, a decrease of 2 %and Despite the recovery of 8.4 % acute in February.

In the first two months of the year, China’s exports were Summ more than expectedIt grows by only 2.3 % on an annual basis, on the occasion of the slowest rise since April 2024. Imports have been a sharp decrease from expected by 8.4 % from last year, which is its sharp decline since mid -2013.

The Chinese leadership has set an ambitious annual growth goal for “about 5 %” this year, a goal that is more difficult to achieve the possibilities of an escalating trade war and constantly dull consumption.

Since the opening of US President Donald Trump in January, A. Cutting 145 % definitions On all imports from China, including 20 % duty it is claimed to be related to the role of Beijing in the Fntanil Trade.

China has declined with an increase in government tariffs, including up to 15 %, targeting American goods and comprehensive definitions 125 % in the latest revenge Last Friday.

Lingjun Wang, Vice President of the Customs Administration, said at a press conference on Monday that “the use of offensive definitions” of the United States government created the opposite winds of global trade, according to CNBC translation, with Beijing’s call to negotiate with Washington.

Wang said that China “will implement all the counter -measures that have been declared against the United States strictly in accordance with the law” while continuing to open its economy due to trade cooperation and investment in competition with countries around the world.

Recommended for many, last Friday, the Trump administration It was granted a reformulation of mutual definitions On a large number of electronics products, including smartphones, computers, semi -conductors, solar cells, and disk engines, according to a notice of customs and American border protection. The tariff associated with 20 % of the fentanel Stay in place.

The Chinese Ministry of Commerce is called exemptions “A small step from us to correct its wrong practice of mutual definitions from one side” Washington urged completely canceling the sharp tariffs.

The pressure on Chinese officials was built to launch more powerful stimulus to support local consumption and the housing market, while reducing the economy’s dependence on exports and investment.

The data released last week showed that Chinese consumers remained hesitant in spending, with consumer prices contract for the second month in a row, while producers prices decreased for the twenty -ninth month, respectively.

Many investment banks have He moved to reduce growth forecasts in China This year, they were transferred from traces of the great rise in American definitions on Chinese goods.

Goldman Sachs, the latest who joined the ranks of last week, expects that the second largest economy in the world will grow by only 4.0 % this year, a decrease of 0.5 percentage points from his previous expectations. While it is expected to increase policy intensification to intensify policy to counter the disruption of the tariff, Wall Street believes that measures may not be able to “fully compensate for the negative impact of tariffs.”