China's exports declined at a faster pace at the end of the year as the global demand weakens amid fears of a recession, and also due to the domestic pandemic-related restrictions that continued to disrupt the industrial activity. The annual decline in exports worsened to 9.9 percent in December from 8.9 percent in November, the General Administration of Customs reportedly said Friday. The year-on-year fall was almost in line with economists' forecast of -10.0 percent.
At the same time, imports eased 7.5 percent from a year ago, which was slower than the 10.6 percent drop registered in November, and also the expected decrease of 9.8 percent.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.