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The world economic scene is in full turbulence. In the area of several months, the tension of trade between China and the United States exceeded the new course and heavily weighed the foreign trade of the Asian giant. Official data published by Chinese customs testify to brutal slowing, much more pronounced than expected, exports and imports. In the background of internal consumption at half mast and the uncertain economic climate strengthens concerns. At a time when Beijing sets an ambitious growth course, this stop poses many questions about the country’s ability to maintain its dynamics in the face of repeated attacks in Washington.
Unexpected collapse of Chinese foreign trade
Chinese exports, the historical engine growth engine, and in January and February, an anemic increase of 2.3 %, which is a number significantly below the anticipation of analysts who submitted 5.9 %. The slowdown all the more important in December, the increase still reached 10.7 %. This insufficient performance owes anything to chance. Economist ZHIWEI ZHANG de Pinpoint Management asset Management provides that “this braking could be partly due to the reduction of early expeditions that were particularly strong before the trade war at the end of 2024”. The establishment of new customs obligations by the United States, therefore, a few weeks after joining Donald Trump’s secondary term of office risks that it will continue to harden the situation.
But it is mainly imports that fear observers. In the same period they dropped by 8.4 %, which is much more serious than forecasts that expected a slight increase. This trend explains several factors: on the one hand, there is demand in the interior at a half mast, revealing a grim consumer climate, and on the other, slowing the import of parts and components used for reexport. A situation that comes to weakening a little more economy that has already experienced real estate crisis and geopolitical tension.
A trade war that threatens the global economic balance
In addition to simple downloads, this data confirms the impact of C’s American voltage. Since his return to the White House, Donald Trump has accepted a hard line and multiplied the sanctions by increasing customs barriers against Chinese products. The argument submitted by Washington is based on the fight against fentanyl operation and accuses Beijing of not taking enough measures to stop this phenomenon. An excuse that actually masks a clear desire to slow down Chinese economic expansion and protect the American industry.
For Beijing, the reaction is delicate. During the opening session of the popular National Assembly (ANP) Prime Minister Li Qiang reaffirmed a national growth objective of 5 % for the normal year, a cap considered ambitious many experts. This slowdown in foreign trade can well complicate a government task that must already juggle with real estate in crisis and increasing public debt. The current situation would not be unofficial, it could have consequences far beyond the Chinese borders that would affect global supplier chains and exert the pressure of dependent economics of Chinese exports.
This trade war does not show any signs of calm between the two largest economic powers in the world. If the real effects of US sanctions must still be fully measured, the current trajectory indicates the hardening of relationships and a period of long -term uncertainty for international trade.
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A graduate of the Toulouse and the Blockchain Consultant Certification certification holder and I joined the adventure of Cointribuna in 2019. I convinced of the potential of blockchain to transform many economy sectors, committing to raising awareness and informing the general public about how the ecosysty developed. My goal is to allow everyone to better understand blockchain and take the opportunity they offer. I try to provide an objective analysis of messages every day, decrypt trends on the market, hand over the latest technological innovations and introduce the economic and social issues of this revolution.
Renunciation
The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.