The Chinese export's growth December is moderate and this recorded retreated reading is reflecting the weakening and the slowdown in global demand and pointing to Europe's debt-crisis negative impact on the global economies.
The Chinese trade balance figures were released today, as the trade-balance surplus widens to $16.52 billion compared with the prior trade's surplus of $14.53 billion; also it exceeded expectations of $8.80 billion.
As, the nation's annualized exports came in line with expectations of 13.4%, yet overseas shipments recorded a retreated reading measured up with the prior reading of13.8%.
On the other hand, the year's imports retreated to 11.8% compared with the prior year's reading of 22.1%; also it came below expectations of 18.0%.
The prolonged European debt crisis along with cooling production and imposing property restrictions may add pressure on Premier Wen Jiabao to reveal extra measures to support growth, which may fall to 7.7% during this quarter.
As, the nation's central bank may cut more than half the pace of the Yuan's gains this year to help in supporting the exports.
Where, November's half percentage-point reduction that is the first since 2008 indicated that the Chinese government is putting a bigger focus on supporting growth as inflation cools, as the Chinese central bank lowered the bank's reserve requirements this month for the first time since 2008 to help in sustaining the growth.
In conclusion, some speculations indicated that the Chinese exports' growth will likely continue retreating if the euro zone slips into a recession and if the U.S. also slowdown motivated by the euro-zone contagion effect.
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