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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by Renju Jaya
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