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Chinese Exports to Hit Record This Year Before Second Trump Term.
- Source :
- Bloomberg.com; 11/24/2024, pN.PAG-N.PAG, 1p
- Publication Year :
- 2024
-
Abstract
- Chinese exports are expected to reach a record high this year due to concerns over potential tariff increases by President-elect Donald Trump. Economists predict a 7% growth in exports in the final quarter, pushing total exports to $3.548 trillion. The looming threat of a trade war has prompted China to focus on pro-consumption stimulus measures. Despite the surge in exports, import growth has stagnated, leading to concerns about global backlash. China's GDP is projected to expand by 4.9% in the fourth quarter, with expectations of further stimulus measures to support economic growth. [Extracted from the article]
Details
- Language :
- English
- Database :
- Complementary Index
- Journal :
- Bloomberg.com
- Publication Type :
- Periodical
- Accession number :
- 181073528